WSP Global Inc. (TSE:WSP) Given Consensus Rating of “Buy” by Analysts

Shares of WSP Global Inc. (TSE:WSP) have earned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is C$294.15.

A number of brokerages recently issued reports on WSP. Scotia dropped their target price on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 10th. TD reduced their price target on WSP Global from C$307.00 to C$255.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Scotiabank reduced their price target on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a research report on Friday, July 10th. Royal Bank Of Canada raised their price target on shares of WSP Global from C$300.00 to C$304.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets lowered their price objective on shares of WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a report on Friday, August 7th.

WSP Global Price Performance

WSP stock opened at C$176.15 on Friday. The stock has a 50-day moving average price of C$182.87 and a two-hundred day moving average price of C$197.05. The stock has a market cap of C$23.75 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 1.09 and a beta of 0.30. The company has a current ratio of 1.20, a quick ratio of 1.04 and a debt-to-equity ratio of 84.47. WSP Global has a 1 year low of C$156.64 and a 1 year high of C$291.00.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. The company had revenue of C$5.40 billion for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%. Equities analysts forecast that WSP Global will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were given 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 (DPR) is 21.40%.

Insider Transactions at WSP Global

In other WSP Global news, Director Pascale Sourisse purchased 364 shares of the stock in a transaction on Wednesday, June 24th. The shares were purchased at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the purchase, the director owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. 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).