WSP Global (TSE:WSP) Price Target Raised to C$297.00

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 target price boosted by National Bankshares from C$292.00 to C$297.00 in a research note published on Friday morning,BayStreet.CA reports.

WSP has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on WSP Global from C$312.00 to C$324.00 in a research report on Thursday, August 7th. Canaccord Genuity Group lifted their price objective on 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. CIBC lifted their price objective on WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. TD Securities lifted their price objective on 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, Stifel Nicolaus lifted their price objective on WSP Global from C$305.00 to C$317.00 in a research report on Wednesday, July 16th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of C$304.69.

WSP Global Trading Down 0.1%

Shares of WSP stock traded down C$0.29 during mid-day trading on Friday, reaching C$280.16. The stock had a trading volume of 13,139 shares, compared to its average volume of 235,900. The stock's 50-day moving average price is C$279.08 and its two-hundred day moving average price is C$261.63. WSP Global has a 52-week low of C$209.00 and a 52-week high of C$289.94. The firm has a market capitalization of C$36.15 billion, a PE ratio of 53.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a dividend of $0.375 per share. 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 payout ratio is presently 28.66%.

Insider Buying and Selling

In related news, Senior Officer Mark Naysmith sold 6,715 shares of the business's stock in a transaction dated 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. 0.06% of the stock is owned by insiders.

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).