WSP Global (TSE:WSP) Given New C$297.00 Price Target at National Bankshares

Key Points

• National Bankshares has raised its price target for WSP Global from C$292.00 to C$297.00, suggesting a potential upside of 5.54% from the current stock price.
• Multiple analysts have upgraded their price targets for WSP Global, with the average target now at C$304.69, reflecting a generally positive sentiment towards the stock.
• WSP Global's stock has shown a significant price increase, reaching C$281.42 in recent trading, with a market capitalization of C$36.31 billion.

WSP Global (TSE:WSP - Free Report) had its price target upped by National Bankshares from C$292.00 to C$297.00 in a report issued on Friday,BayStreet.CA reports.

Other research analysts have also issued reports about the stock. CIBC increased their price objective on shares of WSP Global from C$305.00 to C$317.00 in a report on Friday, July 18th. Stifel Nicolaus lifted their price objective on shares of WSP Global from C$305.00 to C$317.00 in a research note on Wednesday, July 16th. TD Securities lifted their price objective on shares of WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a research note on Monday, May 12th. BMO Capital Markets raised their price target on shares of WSP Global from C$312.00 to C$324.00 in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group raised their price target on shares of WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$304.69.

WSP Global Trading Down 0.2%

Shares of WSP Global stock traded down C$0.45 during mid-day trading on Friday, hitting C$282.53. 24,499 shares of the stock were exchanged, compared to its average volume of 235,909. The stock has a market capitalization of C$36.45 billion, a price-to-earnings ratio of 53.99, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. WSP Global has a twelve month low of C$216.37 and a twelve month high of C$289.94. 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 company has a 50-day simple moving average of C$279.25 and a 200 day simple moving average of C$261.78.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.50 annualized dividend and a yield of 0.5%. WSP Global's dividend payout ratio is presently 28.66%.

Insiders Place Their Bets

In related news, Senior Officer Mark Naysmith sold 6,715 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total value of C$1,889,184.67. 0.06% of the stock is owned by insiders.

About WSP Global

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).