Canaccord Genuity Group Forecasts Strong Price Appreciation for WSP Global (TSE:WSP) Stock

WSP Global (TSE:WSP - Free Report) had its price target upped by Canaccord Genuity Group from C$300.00 to C$305.00 in a research note published on Friday,BayStreet.CA reports.

Other equities analysts have also issued research reports about the company. TD Securities upped their price target on WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Scotiabank upped their price target on WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. CIBC upped their price target on WSP Global from C$295.00 to C$296.00 in a research note on Thursday, April 17th. UBS Group upped their price target on WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus decreased their price target on 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. One 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. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$284.31.

WSP Global Trading Up 0.7%

TSE WSP traded up C$1.77 on Friday, reaching C$273.29. 148,943 shares of the company were exchanged, compared to its average volume of 254,117. The business's fifty day moving average price is C$261.30 and its 200 day moving average price is C$253.26. The stock has a market capitalization of C$35.26 billion, a P/E ratio of 52.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. WSP Global has a fifty-two week low of C$204.28 and a fifty-two week high of C$284.15.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a $0.375 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.55%. WSP Global's dividend payout ratio (DPR) is 28.66%.

Insider Buying and Selling

In other 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 transaction of C$1,889,184.67. 0.06% of the stock is currently owned by 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).