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WSP Global (TSE:WSP) Hits New 12-Month High - What's Next?

WSP Global logo with Industrials background

WSP Global Inc. (TSE:WSP - Get Free Report)'s share price reached a new 52-week high on Tuesday . The company traded as high as C$253.45 and last traded at C$250.61, with a volume of 11265 shares trading hands. The stock had previously closed at C$249.17.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on WSP shares. ATB Capital raised their price target on WSP Global from C$235.00 to C$250.00 and gave the company a "sector perform" rating in a research note on Tuesday, August 20th. CIBC lifted their target price on WSP Global from C$245.00 to C$264.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 20th. Stifel Nicolaus boosted their target price on WSP Global from C$260.00 to C$285.00 in a report on Friday, October 4th. TD Securities boosted their target price on WSP Global from C$273.00 to C$279.00 and gave the company a "buy" rating in a report on Tuesday, August 20th. Finally, BMO Capital Markets boosted their target price on WSP Global from C$252.00 to C$257.00 and gave the company an "outperform" rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$258.25.

Read Our Latest Report on WSP Global

WSP Global Trading Up 0.3 %

The company has a 50 day simple moving average of C$229.97 and a 200 day simple moving average of C$219.61. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81. The stock has a market capitalization of C$31.16 billion, a PE ratio of 52.74, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 EPS for the quarter, missing the consensus estimate of C$1.90 by C($0.01). WSP Global had a net margin of 4.03% and a return on equity of 9.40%. The company had revenue of C$2.99 billion for the quarter, compared to analysts' expectations of C$2.93 billion. Analysts predict that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.60%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global's payout ratio is 31.38%.

WSP Global Company Profile

(Get Free Report)

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.

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