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WSP Global (TSE:WSP) Hits New 52-Week High - What's Next?

WSP Global logo with Industrials background

WSP Global Inc. (TSE:WSP - Get Free Report)'s share price hit a new 52-week high on Thursday . The stock traded as high as C$284.55 and last traded at C$283.77, with a volume of 62164 shares. The stock had previously closed at C$280.34.

Wall Street Analyst Weigh In

Several brokerages have commented on WSP. 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 note on Monday, May 12th. CIBC boosted their price target on shares of WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. Canaccord Genuity Group boosted their price target on shares of WSP Global from C$300.00 to C$305.00 in a research note on Friday, June 13th. Finally, Stifel Nicolaus decreased 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 research report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of C$284.31.

Read Our Latest Research Report on WSP Global

WSP Global Price 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$36.37 billion, a PE ratio of 53.87, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The stock's 50-day moving average is C$272.54 and its two-hundred day moving average is C$256.32.

WSP Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Monday, June 30th. WSP Global's dividend payout ratio (DPR) is currently 28.66%.

Insiders Place Their Bets

In related news, Senior Officer Mark Naysmith sold 6,715 shares of the 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 company insiders.

About WSP Global

(Get Free Report)

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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