WSP Global (TSE:WSP) Sets New 52-Week High at $201.60

WSP Global Inc. (TSE:WSPGet Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$201.60 and last traded at C$200.21, with a volume of 7749 shares traded. The stock had previously closed at C$201.01.

Analyst Ratings Changes

WSP has been the subject of several research reports. TD Securities lifted their price target on shares of WSP Global from C$215.00 to C$220.00 and gave the company a “buy” rating in a report on Friday, November 10th. ATB Capital upped their price objective on WSP Global from C$200.00 to C$210.00 and gave the stock a “sector perform” rating in a research note on Friday, November 10th. Royal Bank of Canada boosted their price target on shares of WSP Global from C$210.00 to C$212.00 and gave the company an “outperform” rating in a report on Friday, November 10th. CIBC increased their price objective on shares of WSP Global from C$208.00 to C$234.00 and gave the stock an “outperform” rating in a report on Friday, January 12th. Finally, Laurentian lifted their price objective on shares of WSP Global from C$203.00 to C$205.00 in a research report on Thursday, November 9th. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$218.73.

Check Out Our Latest Report on WSP

WSP Global Price Performance

The company has a 50-day moving average of C$188.42 and a 200-day moving average of C$187.57. The company has a debt-to-equity ratio of 75.80, a quick ratio of 1.04 and a current ratio of 1.09. The firm has a market capitalization of C$24.84 billion, a price-to-earnings ratio of 46.42, a price-to-earnings-growth ratio of 1.09 and a beta of 0.83.

WSP Global (TSE:WSPGet Free Report) last posted its quarterly earnings data on Wednesday, November 8th. The company reported C$1.98 EPS for the quarter, topping analysts’ consensus estimates of C$1.87 by C$0.11. WSP Global had a net margin of 3.78% and a return on equity of 8.97%. The company had revenue of C$2.73 billion during the quarter, compared to the consensus estimate of C$2.72 billion. As a group, research analysts anticipate that WSP Global Inc. will post 7.8236233 EPS for the current fiscal year.

WSP Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were issued a $0.375 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.50 annualized dividend and a dividend yield of 0.75%. WSP Global’s dividend payout ratio is currently 34.64%.

Insiders Place Their Bets

In other news, Senior Officer Guy Templeton sold 1,871 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of C$192.52, for a total transaction of C$360,208.66. Corporate insiders own 0.46% of the company’s stock.

About WSP Global

(Get Free Report)

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.

Further Reading

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