WSP Global (TSE:WSP) Hits New 12-Month High at $234.40

WSP Global Inc. (TSE:WSP) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$234.40 and last traded at C$233.37, with a volume of 6291 shares. The stock had previously closed at C$232.52.

Analyst Ratings Changes

WSP has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on WSP Global from C$250.00 to C$260.00 in a report on Tuesday, August 20th. CIBC increased their price objective 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. Desjardins boosted their target price on shares of WSP Global from C$249.00 to C$257.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Raymond James increased their price target on shares of WSP Global from C$255.00 to C$270.00 and gave the company a “strong-buy” rating in a report on Tuesday, August 20th. Finally, Canaccord Genuity Group upped their target price on shares of WSP Global from C$235.00 to C$255.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and a consensus target price of C$254.50.

WSP Global Trading Down 0.6 %

The stock has a market cap of C$28.82 billion, a PE ratio of 48.82, a PEG ratio of 1.09 and a beta of 0.81. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The business has a 50-day moving average of C$222.82 and a 200 day moving average of C$217.39.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Tuesday, July 30th. The company reported C$1.89 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.90 by C($0.01). The firm had revenue of C$2.99 billion during the quarter, compared to analyst estimates of C$2.93 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. Equities research analysts predict that WSP Global Inc. will post 9.3735137 EPS for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.50 annualized dividend and a yield of 0.65%. WSP Global’s payout ratio is currently 31.38%.

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.