Brokerages Set WSP Global Inc. (TSE:WSP) Price Target at C$284.85

Shares of WSP Global Inc. (TSE:WSP) have been given an average recommendation of “Buy” by the eleven research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$284.85.

Several analysts have issued reports on the company. CIBC upped their price objective on WSP Global from C$293.00 to C$295.00 in a research note on Friday, February 28th. Stifel Nicolaus increased their price target on WSP Global from C$295.00 to C$310.00 in a research report on Tuesday, February 18th. BMO Capital Markets increased their price target on WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. Raymond James increased their price target on 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. Finally, UBS Group increased their price target on WSP Global from C$274.00 to C$285.00 in a research report on Wednesday, March 5th.

WSP Global Trading Up 3.2 %

Shares of TSE WSP opened at C$247.65 on Tuesday. The stock’s 50 day moving average price is C$249.91 and its two-hundred day moving average price is C$245.51. WSP Global has a 52-week low of C$201.24 and a 52-week high of C$264.87. The stock has a market capitalization of C$31.95 billion, a P/E ratio of 47.32, a PEG ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.61%. The ex-dividend date was Tuesday, December 31st. WSP Global’s dividend payout ratio is currently 28.66%.

Insider Activity at WSP Global

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