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

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

A number of research firms have recently issued reports on WSP. Scotiabank increased their target price on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. Stifel Nicolaus increased their target price on WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. Canaccord Genuity Group increased their target price on WSP Global from C$290.00 to C$305.00 in a report on Friday, February 28th. TD Securities increased their target price on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, CIBC increased their price objective on WSP Global from C$293.00 to C$295.00 in a report on Friday, February 28th.

Insider Buying and Selling

In other news, Director Macky Tall bought 2,056 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of C$243.94 per share, with a total value of C$501,540.64. 0.06% of the stock is owned by company insiders.

WSP Global Price Performance

WSP opened at C$247.65 on Tuesday. The stock has a fifty day moving average of C$249.91 and a 200-day moving average of C$245.51. The firm has a market capitalization of C$31.95 billion, a P/E ratio of 47.32, a PEG ratio of 1.09 and a beta of 0.82. WSP Global has a 12-month low of C$201.24 and a 12-month high of C$264.87. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s dividend payout ratio (DPR) is presently 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).