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

WSP Global Inc. (TSE:WSP - Get Free Report) reached a new 52-week high on Wednesday . The company traded as high as C$278.27 and last traded at C$275.50, with a volume of 255815 shares traded. The stock had previously closed at C$272.65.

Wall Street Analyst Weigh In

WSP has been the subject of several research analyst reports. UBS Group increased their target price on WSP Global from C$274.00 to C$285.00 in a research report on Wednesday, March 5th. CIBC increased their price objective on shares of WSP Global from C$295.00 to C$296.00 in a report on Thursday, April 17th. Canaccord Genuity Group reduced their price objective on shares of WSP Global from C$305.00 to C$300.00 in a research report on Thursday, April 10th. Stifel Nicolaus lowered their target price on shares of WSP Global from C$310.00 to C$300.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Scotiabank raised their target price on shares of WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, WSP Global currently has an average rating of "Buy" and a consensus price target of C$283.92.

WSP Global Stock Performance

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 market capitalization of C$35.54 billion, a PE ratio of 52.65, a PEG ratio of 1.09 and a beta of 0.82. The firm's 50-day simple moving average is C$248.21 and its 200-day simple moving average is C$248.94.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.375 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.54%. WSP Global's payout ratio is 28.66%.

Insider Buying and Selling

In other WSP Global news, Director Macky Tall purchased 2,056 shares of WSP Global stock in a transaction dated Thursday, March 6th. The stock was acquired at an average price of C$243.94 per share, for a total transaction of C$501,540.64. 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).

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