WSP Global Inc. (TSE:WSP) Receives Consensus Rating of “Buy” from Brokerages

WSP Global Inc. (TSE:WSP) has been assigned an average rating of “Buy” from the eleven analysts that are covering the firm, Marketbeat reports. Ten analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$313.42.

A number of analysts have commented on the company. Desjardins reduced their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a report on Friday, May 8th. Scotiabank increased their price target on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Canaccord Genuity Group cut their price objective on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research report on Friday, May 8th. TD decreased their target price on WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, BMO Capital Markets cut their price target on WSP Global from C$334.00 to C$305.00 in a report on Friday, May 8th.

WSP Global Stock Up 0.8%

TSE:WSP opened at C$178.48 on Monday. The firm has a market cap of C$24.06 billion, a P/E ratio of 24.35, a P/E/G ratio of 1.09 and a beta of 0.20. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. WSP Global has a fifty-two week low of C$170.85 and a fifty-two week high of C$291.46. The firm has a 50-day simple moving average of C$193.59 and a two-hundred day simple moving average of C$223.79.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The firm had revenue of C$4.55 billion for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. Analysts predict that WSP Global will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. WSP Global’s payout ratio is 20.46%.

Insider Transactions at WSP Global

In other news, Director Pascale Sourisse bought 364 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were bought at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the purchase, the director owned 888 shares in the company, valued at approximately C$152,753.76. The trade was a 69.47% increase in their ownership of the stock. Corporate insiders own 0.06% of the company’s stock.

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).