WSP Global (TSE:WSP) Price Target Raised to C$317.00

WSP Global (TSE:WSP) had its price target boosted by Stifel Nicolaus from C$305.00 to C$317.00 in a report published on Wednesday,BayStreet.CA reports.

Several other equities research analysts also recently commented on WSP. CIBC lifted their price objective on WSP Global from C$295.00 to C$296.00 in a report on Thursday, April 17th. Canaccord Genuity Group increased their price target on WSP Global from C$300.00 to C$305.00 in a report on Friday, June 13th. Finally, TD Securities lifted their price objective on WSP Global from C$298.00 to C$307.00 and gave the stock a “buy” rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, WSP Global presently has an average rating of “Buy” and an average target price of C$287.23.

WSP Global Price Performance

Shares of WSP opened at C$288.96 on Wednesday. WSP Global has a fifty-two week low of C$208.35 and a fifty-two week high of C$289.15. The firm’s 50-day simple moving average is C$276.09 and its two-hundred day simple moving average is C$257.58. The stock has a market cap of C$37.28 billion, a PE ratio of 55.22, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Monday, June 30th. WSP Global’s payout ratio is 28.66%.

Insiders Place Their Bets

In other news, Senior Officer Mark Naysmith sold 6,715 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total value of C$1,889,184.67. Corporate insiders own 0.06% of the company’s stock.

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).