WSP Global (TSE:WSP) Reaches New 12-Month High – What’s Next?

WSP Global Inc. (TSE:WSP)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$259.71 and last traded at C$259.08, with a volume of 19075 shares changing hands. The stock had previously closed at C$258.02.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on WSP. CIBC boosted their target price on WSP Global from C$264.00 to C$280.00 in a report on Friday, December 13th. Scotiabank raised shares of WSP Global to a “strong-buy” rating in a report on Friday, October 25th. Canaccord Genuity Group lifted their price target on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Raymond James raised their target price on WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research report on Tuesday. Finally, Royal Bank of Canada lifted their price objective on WSP Global from C$261.00 to C$279.00 in a research report on Friday, November 8th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$271.91.

WSP Global Stock Up 1.0 %

The company has a market capitalization of C$32.48 billion, a PE ratio of 54.50, a PEG ratio of 1.09 and a beta of 0.82. The company’s 50 day moving average is C$247.70 and its two-hundred day moving average is C$237.14. The company has a quick ratio of 1.04, a current ratio of 1.13 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, meeting the consensus estimate of C$2.24. The company had revenue of C$3 billion for the quarter, compared to the consensus estimate of C$3 billion. WSP Global had a net margin of 4.03% and a return on equity of 9.40%. On average, analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a $0.375 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.58%. WSP Global’s dividend 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.