WSP Global (TSE:WSP) Sets New 1-Year High - Time to Buy?

WSP Global Inc. (TSE:WSP - Get Free Report) shares hit a new 52-week high during trading on Tuesday . The company traded as high as C$289.94 and last traded at C$284.35, with a volume of 99604 shares. The stock had previously closed at C$288.96.

Analyst Upgrades and Downgrades

WSP has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of WSP Global from C$298.00 to C$312.00 in a research report on Tuesday. Stifel Nicolaus boosted their price target on shares of WSP Global from C$305.00 to C$317.00 in a research report on Wednesday, July 16th. CIBC boosted their price target on shares of WSP Global from C$305.00 to C$317.00 in a research report on Friday. TD Securities boosted their price target on shares of WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. Finally, Canaccord Genuity Group boosted their price target on shares of WSP Global from C$300.00 to C$305.00 in a research report on Friday, June 13th. One equities research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of C$288.62.

WSP Global Stock Down 0.9%

The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm has a market capitalization of C$36.34 billion, a P/E ratio of 53.83, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company's fifty day simple moving average is C$276.58 and its 200 day simple moving average is C$257.87.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Monday, June 30th. WSP Global's dividend payout ratio is currently 28.66%.

Insider Buying and Selling

In other news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total transaction of C$1,889,184.67. Insiders own 0.06% of the company's stock.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).