WSP Global Inc. (TSE:WSP) Receives Average Rating of "Buy" from Analysts

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) have received a consensus rating of "Buy" from the eleven research firms that are presently covering the firm, Marketbeat.com reports. One investment 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 12 month target price among analysts that have updated their coverage on the stock in the last year is C$284.85.

A number of equities research analysts have recently issued reports on the company. Raymond James upped their price target on WSP Global from C$270.00 to C$310.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 30th. TD Securities upped their price target on WSP Global from C$300.00 to C$305.00 and gave the company a "buy" rating in a research report on Friday, February 14th. CIBC upped their price target on WSP Global from C$293.00 to C$295.00 in a research report on Friday, February 28th. BMO Capital Markets upped their price target on WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. Finally, Scotiabank upped their price target on WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th.

Insiders Place Their Bets

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

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WSP Global Price Performance

TSE:WSP traded up C$7.65 during trading hours on Tuesday, hitting C$247.65. 270,686 shares of the stock were exchanged, compared to its average volume of 239,963. WSP Global has a 52-week low of C$201.24 and a 52-week high of C$264.87. The firm's fifty day moving average price is C$250.05 and its 200 day moving average price is C$245.23. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The company has a market cap of C$31.95 billion, a P/E ratio of 47.32, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.375 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 0.61%. 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).