WSP Global Inc. (TSE:WSP) Given Average Recommendation of “Buy” by Brokerages

WSP Global Inc. (TSE:WSP) has received an average rating of “Buy” from the thirteen brokerages that are presently covering the stock, Marketbeat reports. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$294.15.

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada lifted their target price on shares of WSP Global from C$300.00 to C$304.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce decreased their price target on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. Desjardins decreased their price target on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. National Bank Financial boosted their price target on shares of WSP Global from C$207.00 to C$219.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Finally, Scotiabank dropped their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a research note on Friday, July 10th.

WSP Global Stock Performance

Shares of TSE:WSP opened at C$180.17 on Friday. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04. WSP Global has a 1 year low of C$156.64 and a 1 year high of C$291.00. The firm has a market capitalization of C$24.29 billion, a PE ratio of 25.70, a P/E/G ratio of 1.09 and a beta of 0.30. The business’s 50 day moving average price is C$182.23 and its 200-day moving average price is C$198.61.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. The firm had revenue of C$5.40 billion during the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%. As a group, equities research analysts expect that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. WSP Global’s payout ratio is currently 21.40%.

Insider Buying and Selling at WSP Global

In related news, Director Pascale Sourisse purchased 364 shares of the company’s stock in a transaction dated Wednesday, June 24th. The stock was acquired at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is currently owned by corporate insiders.

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).