WSP Global (TSE:WSP) Reaches New 52-Week High - Should You Buy?

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$279.81 and last traded at C$278.14, with a volume of 18878 shares trading hands. The stock had previously closed at C$278.78.

Wall Street Analysts Forecast Growth

WSP has been the subject of a number of research reports. Scotiabank lifted their target price on WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. BMO Capital Markets lifted their target price on WSP Global from C$284.00 to C$294.00 in a research note on Thursday, February 27th. CIBC lifted their target price on WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. Stifel Nicolaus decreased their target price on 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. Finally, TD Securities boosted their price objective on WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of C$283.92.

WSP Global Stock Performance

The stock has a market cap of C$36.39 billion, a P/E ratio of 53.90, a PEG ratio of 1.09 and a beta of 0.82. The company has a fifty day moving average of C$253.17 and a 200 day moving average of C$250.62. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a dividend of $0.375 per share. The ex-dividend date was Monday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.53%. WSP Global's payout ratio is 28.66%.

Insider Buying and Selling

In other WSP Global news, Director Macky Tall bought 2,056 shares of WSP Global stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of C$243.94 per share, for a total transaction of C$501,540.64. Also, Senior Officer Mark Naysmith sold 6,715 shares of the 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. 0.06% of the stock is owned by corporate 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).