Analysts Set WSP Global Inc. (TSE:WSP) Price Target at C$284.85

WSP Global Inc. (TSE:WSP) has earned a consensus recommendation of “Buy” from the eleven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$284.85.

WSP has been the topic of several research analyst reports. BMO Capital Markets increased their price target on shares of WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. Scotiabank lifted their price target on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. Canaccord Genuity Group lifted their price target on WSP Global from C$290.00 to C$305.00 in a report on Friday, February 28th. Raymond James lifted their price target on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a report on Thursday, January 30th. Finally, TD Securities raised their price objective on shares of 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.

Insider Buying and Selling at WSP Global

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

WSP Global Stock Performance

Shares of WSP stock opened at C$249.43 on Tuesday. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. WSP Global has a one year low of C$201.24 and a one year high of C$264.87. The company’s 50-day simple moving average is C$249.98 and its 200-day simple moving average is C$245.54. The stock has a market capitalization of C$32.18 billion, a price-to-earnings ratio of 47.66, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, March 31st. WSP Global’s dividend payout ratio (DPR) is currently 28.66%.

WSP Global Company Profile

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).