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).
Recommended Stories
Before you consider WSP Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WSP Global wasn't on the list.
While WSP Global currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
