Analysts Set WSP Global Inc. (TSE:WSP) Price Target at C$284.85

Shares of WSP Global Inc. (TSE:WSP) have received a consensus rating of “Buy” from the eleven research firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$284.85.

WSP has been the topic of several analyst reports. TD Securities lifted their price target on shares of WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a report on Friday, February 14th. Canaccord Genuity Group upped their target price on shares of WSP Global from C$290.00 to C$305.00 in a report on Friday, February 28th. Scotiabank raised their price target on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. CIBC upped their price objective on WSP Global from C$293.00 to C$295.00 in a research note on Friday, February 28th. Finally, Raymond James lifted their target price on WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th.

Insider Activity

In other WSP Global news, Director Macky Tall bought 2,056 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. Corporate insiders own 0.06% of the company’s stock.

WSP Global Stock Up 6.0 %

TSE WSP opened at C$238.39 on Friday. The stock’s 50-day moving average price is C$247.10 and its 200-day moving average price is C$247.26. The company has a market capitalization of C$30.76 billion, a P/E ratio of 45.55, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. WSP Global has a 52 week low of C$201.24 and a 52 week high of C$264.87.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date of this dividend is Monday, March 31st. WSP Global’s payout ratio is 28.66%.

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).