WSP Global (TSE:WSP) Sets New 1-Year High - Here's What Happened

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

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WSP shares. Canaccord Genuity Group upped their target price on shares of WSP Global from C$300.00 to C$305.00 in a research note on Friday, June 13th. Stifel Nicolaus dropped their price objective on shares of WSP Global from C$310.00 to C$300.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. CIBC increased their price objective on shares of WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. Finally, TD Securities increased 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 research note on Monday, May 12th. One 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$284.31.

WSP Global Stock Down 0.7%

The firm's 50 day simple moving average is C$273.19 and its 200 day simple moving average is C$256.51. The company has a market cap of C$36.33 billion, a price-to-earnings ratio of 53.81, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

WSP Global Dividend Announcement

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

Insider Activity

In other news, Senior Officer Mark Naysmith sold 6,715 shares of the stock in a transaction that occurred 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. 0.06% of the stock is owned by company insiders.

About WSP Global

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).