WSP Global Inc. (TSE:WSP) Receives Consensus Rating of “Buy” from Analysts

Shares of WSP Global Inc. (TSE:WSP) have earned an average recommendation of “Buy” from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$284.85.

Several analysts recently issued reports on WSP shares. BMO Capital Markets upped their price target on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. Raymond James upped their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. CIBC lifted their price target on WSP Global from C$293.00 to C$295.00 in a research note on Friday, February 28th. TD Securities upped their price objective on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Scotiabank lifted their target price on WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th.

WSP Global Price Performance

WSP stock opened at C$229.59 on Friday. The company has a market capitalization of C$29.62 billion, a PE ratio of 43.87, a P/E/G 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. The stock’s 50 day moving average is C$249.24 and its two-hundred day moving average is C$247.32. WSP Global has a 52-week low of C$201.24 and a 52-week high of C$264.87.

WSP Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.65%. WSP Global’s dividend payout ratio is currently 28.66%.

Insider Buying and Selling

In other WSP Global news, Director Macky Tall acquired 2,056 shares of WSP Global stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. Corporate insiders own 0.06% of the company’s stock.

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).