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

WSP Global Inc. (TSE:WSP) has been given a consensus rating of “Buy” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$300.50.

Several brokerages have recently commented on WSP. ATB Cormark Capital Markets cut their price target on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. TD decreased their price objective on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Stifel Nicolaus lowered their target price on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. National Bank Financial dropped their price target on WSP Global from C$272.00 to C$207.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Finally, Scotiabank cut their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a research note on Friday, July 10th.

WSP Global Price Performance

Shares of WSP stock opened at C$160.60 on Friday. The firm has a market capitalization of C$21.65 billion, a P/E ratio of 21.91, a P/E/G ratio of 1.09 and a beta of 0.20. WSP Global has a 52-week low of C$160.48 and a 52-week high of C$291.46. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19. The stock has a 50 day moving average price of C$181.56 and a 200 day moving average price of C$216.43.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 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%. As a group, sell-side analysts predict that WSP Global will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a yield of 0.9%. WSP Global’s dividend payout ratio is presently 20.46%.

Insider Buying and Selling at WSP Global

In related news, Director Pascale Sourisse purchased 364 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the acquisition, the director owned 888 shares in the company, valued at C$152,753.76. The trade was a 69.47% increase in their ownership of the stock. 0.06% of the stock is currently owned by insiders.

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).