WSP Global (TSE:WSP) Sets New 1-Year High After Analyst Upgrade

WSP Global Inc. (TSE:WSP - Get Free Report) hit a new 52-week high on Thursday after Canaccord Genuity Group raised their price target on the stock from C$290.00 to C$305.00. The stock traded as high as C$264.87 and last traded at C$262.41, with a volume of 196748 shares traded. The stock had previously closed at C$258.85.

Several other brokerages also recently weighed in on WSP. TD Securities upped their target price on WSP Global from C$300.00 to C$305.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. CIBC increased their price target on WSP Global from C$293.00 to C$295.00 in a report on Friday. Raymond James increased their price target on WSP Global from C$270.00 to C$310.00 and gave the company a "strong-buy" rating in a report on Thursday, January 30th. Scotiabank increased their price target on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. Finally, BMO Capital Markets increased their price target on WSP Global from C$284.00 to C$294.00 in a report on Thursday. One analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$284.83.

WSP Global Price Performance

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 business has a 50-day moving average price of C$251.41 and a two-hundred day moving average price of C$243.82. The firm has a market capitalization of C$33.29 billion, a price-to-earnings ratio of 49.31, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Tuesday, December 31st. WSP Global's payout ratio is 28.66%.

About WSP Global

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.