WSP Global (TSE:WSP) Sets New 12-Month High - Here's What Happened

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

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. CIBC increased their price target on WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. Stifel Nicolaus dropped their price objective on shares of WSP Global from C$310.00 to C$300.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Canaccord Genuity Group increased their target price on shares of WSP Global from C$300.00 to C$305.00 in a research note on Friday, June 13th. Finally, TD Securities lifted 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. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$284.31.

WSP Global Stock Up 1.5%

The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The stock has a market cap of C$36.71 billion, a P/E ratio of 54.38, a P/E/G ratio of 1.09 and a beta of 0.82. The company's 50 day moving average price is C$271.81 and its two-hundred day moving average price is C$256.11.

WSP Global Dividend Announcement

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

Insider Buying and Selling at WSP Global

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global stock in a transaction on 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. Corporate insiders own 0.06% of the company's stock.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.