WSP Global (TSE:WSP) Hits New 52-Week High After Analyst Upgrade

WSP Global Inc. (TSE:WSP - Get Free Report)'s stock price hit a new 52-week high during trading on Wednesday after CIBC raised their price target on the stock from C$305.00 to C$317.00. The stock traded as high as C$286.74 and last traded at C$283.18, with a volume of 148886 shares trading hands. The stock had previously closed at C$284.97.

WSP has been the subject of a number of other reports. TD Securities boosted their price objective on shares of WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Stifel Nicolaus boosted their price objective on shares of WSP Global from C$305.00 to C$317.00 in a report on Wednesday. Finally, Canaccord Genuity Group boosted their price objective on shares of WSP Global from C$300.00 to C$305.00 in a report on Friday, June 13th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, WSP Global has a consensus rating of "Buy" and an average price target of C$287.23.

Insider Buying and Selling

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

WSP Global Stock Up 1.2%

The stock's 50-day moving average price is C$276.09 and its two-hundred day moving average price is C$257.61. The stock has a market capitalization of C$37.28 billion, a PE ratio of 55.22, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, June 30th. WSP Global's payout ratio is 28.66%.

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).