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

Shares of WSP Global Inc. (TSE:WSP) have earned an average rating of “Buy” from the thirteen analysts that are covering the company, MarketBeat reports. Twelve equities research analysts have rated the stock with a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$294.15.

Several research analysts have recently weighed in on WSP shares. Stifel Nicolaus decreased their price objective on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a report on Thursday, April 30th. BMO Capital Markets boosted their target price on shares of WSP Global from C$272.00 to C$280.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Canadian Imperial Bank of Commerce dropped their price target on 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. Royal Bank Of Canada upped their price objective on WSP Global from C$300.00 to C$304.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, ATB Cormark Capital Markets reduced their price target on shares of WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a research report on Friday, August 7th.

Insider Activity

In related news, Director Pascale Sourisse acquired 364 shares of WSP Global stock in a transaction dated Wednesday, June 24th. The stock was purchased at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the purchase, 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 position. 0.06% of the stock is currently owned by insiders.

WSP Global Stock Up 0.9%

WSP stock opened at C$192.28 on Tuesday. WSP Global has a 1-year low of C$156.64 and a 1-year high of C$291.46. The business has a fifty day moving average price of C$179.66 and a 200-day moving average price of C$203.90. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04. The stock has a market capitalization of C$25.92 billion, a P/E ratio of 27.43, a P/E/G ratio of 1.09 and a beta of 0.19.

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

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid 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 dividend payout ratio (DPR) is currently 21.40%.

About WSP Global

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).