WSP Global (TSE:WSP) Reaches 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 on Tuesday . The stock traded as high as C$279.81 and last traded at C$278.14, with a volume of 18878 shares changing hands. The stock had previously closed at C$278.78.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. UBS Group increased their price target on WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th. TD Securities upped 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 lowered 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 note on Thursday, April 17th. Scotiabank boosted their price target on shares of WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. Finally, BMO Capital Markets increased their price objective on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, WSP Global currently has an average rating of "Buy" and an average target price of C$283.92.

WSP Global Stock Performance

The stock has a market cap of C$36.34 billion, a price-to-earnings ratio of 53.82, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company's 50-day simple moving average is C$252.51 and its 200-day simple moving average is C$250.36. 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given 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 was Monday, March 31st. WSP Global's dividend payout ratio (DPR) is presently 28.66%.

Insider Activity

In other news, Director Macky Tall bought 2,056 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of C$243.94 per share, with a total value of C$501,540.64. Also, Senior Officer Mark Naysmith sold 6,715 shares of the stock in a transaction dated Tuesday, May 27th. The stock was 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 currently 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).