WSP Global (TSE:WSP) Reaches New 1-Year High – Here’s Why

Shares of WSP Global Inc. (TSE:WSP) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$253.17 and last traded at C$250.71, with a volume of 67619 shares. The stock had previously closed at C$251.17.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on WSP shares. Raymond James boosted their price objective on WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 20th. TD Securities boosted their target price on shares of WSP Global from C$273.00 to C$279.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Stifel Nicolaus raised their price target on shares of WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. Canaccord Genuity Group boosted their price objective on shares of WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, CIBC raised their target price on shares of WSP Global from C$245.00 to C$264.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$258.25.

WSP Global Stock Up 0.5 %

The business’s 50 day moving average is C$239.53 and its 200 day moving average is C$223.44. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81. The company has a market cap of C$31.47 billion, a P/E ratio of 52.81, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Friday, September 27th. WSP Global’s dividend payout ratio (DPR) is currently 31.38%.

About WSP Global

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.