WSP Global (TSE:WSP) Hits New 12-Month High After Dividend Announcement

WSP Global Inc. (TSE:WSP)’s share price reached a new 52-week high on Monday following a dividend announcement from the company. The company traded as high as C$238.80 and last traded at C$238.22, with a volume of 29779 shares. The stock had previously closed at C$237.67.

The newly announced dividend which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio (DPR) is 31.38%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WSP. Royal Bank of Canada lifted their price target on shares of WSP Global from C$252.00 to C$261.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. TD Securities upped their target price on 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. Canaccord Genuity Group raised their price target on WSP Global from C$235.00 to C$255.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. National Bankshares set a C$255.00 price objective on WSP Global and gave the company an “outperform” rating in a report on Monday, August 19th. Finally, BMO Capital Markets increased their target price on WSP Global from C$252.00 to C$257.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$254.50.

WSP Global Stock Up 0.2 %

The business’s 50-day simple moving average is C$225.88 and its 200 day simple moving average is C$218.33. The firm has a market cap of C$29.70 billion, a PE ratio of 49.78, a P/E/G ratio of 1.09 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). The business had revenue of C$2.99 billion during the quarter, compared to the consensus estimate of C$2.93 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. As a group, equities research analysts expect that WSP Global Inc. will post 9.4350933 earnings per share for the current year.

WSP Global Company Profile

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.