WSP Global Inc. (TSE:WSP) Receives Average Recommendation of "Buy" from Brokerages

WSP Global Inc. (TSE:WSP - Get Free Report) has been given an average recommendation of "Buy" by the eleven analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$284.85.

Several equities analysts have commented on WSP shares. Scotiabank upped their price objective on shares of WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. UBS Group increased their price objective on WSP Global from C$274.00 to C$285.00 in a research report on Wednesday, March 5th. CIBC boosted their target price on shares of WSP Global from C$293.00 to C$295.00 in a research report on Friday, February 28th. BMO Capital Markets raised their price target on shares of WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. Finally, Raymond James increased their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a "strong-buy" rating in a research report on Thursday, January 30th.

WSP Global Stock Down 2.7 %

TSE:WSP traded down C$6.50 on Friday, hitting C$231.89. 88,928 shares of the company's stock were exchanged, compared to its average volume of 244,397. The firm has a 50-day moving average price of C$247.10 and a 200-day moving average price of C$247.26. WSP Global has a 52 week low of C$201.24 and a 52 week high of C$264.87. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The company has a market cap of C$29.92 billion, a P/E ratio of 44.31, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.65%. WSP Global's dividend payout ratio is presently 28.66%.

Insider Activity at WSP Global

In other news, Director Macky Tall bought 2,056 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average price of C$243.94 per share, for a total transaction of C$501,540.64. 0.06% of the stock is currently owned by company insiders.

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).