WSP Global (TSE:WSP) Hits New 1-Year High Following Analyst Upgrade

WSP Global Inc. (TSE:WSP) shares reached a new 52-week high during trading on Thursday after Canaccord Genuity Group raised their price target on the stock from C$290.00 to C$305.00. The stock traded as high as C$264.87 and last traded at C$262.41, with a volume of 196748 shares. The stock had previously closed at C$258.85.

Several other research analysts have also recently issued reports on WSP. Raymond James upped their price objective on WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. BMO Capital Markets upped their price objective on WSP Global from C$284.00 to C$294.00 in a research report on Thursday. Scotiabank upped their price objective on WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. Royal Bank of Canada upped their price objective on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. Finally, CIBC upped their price objective on WSP Global from C$293.00 to C$295.00 in a research report on Friday. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$284.83.

WSP Global Price Performance

The company has a fifty day moving average price of C$251.26 and a two-hundred day moving average price of C$243.30. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm has a market capitalization of C$33.29 billion, a PE ratio of 49.31, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Tuesday, December 31st. WSP Global’s dividend payout ratio is presently 28.66%.

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.