WSP Global (TSE:WSP) Reaches New 52-Week High at $225.11

WSP Global Inc. (TSE:WSP)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as C$225.11 and last traded at C$226.49, with a volume of 62555 shares trading hands. The stock had previously closed at C$226.95.

Analyst Ratings Changes

Several brokerages have recently weighed in on WSP. BMO Capital Markets increased their target price on shares of WSP Global from C$252.00 to C$257.00 and gave the stock an “outperform” rating in a research note on Tuesday. CIBC lifted their target price on WSP Global from C$245.00 to C$264.00 and gave the company an “outperform” rating in a research note on Tuesday. Desjardins boosted their target price on WSP Global from C$249.00 to C$257.00 and gave the company a “buy” rating in a report on Tuesday. Scotiabank increased their price target on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Finally, Canaccord Genuity Group boosted their price objective on shares of WSP Global from C$235.00 to C$255.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$254.50.

WSP Global Price Performance

The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The company has a 50-day simple moving average of C$218.11 and a 200-day simple moving average of C$214.98. The stock has a market cap of C$28.25 billion, a PE ratio of 47.50, a PEG ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last posted its quarterly earnings results 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). WSP Global had a return on equity of 9.40% and a net margin of 4.03%. The company had revenue of C$2.99 billion for the quarter, compared to analyst estimates of C$2.93 billion. Sell-side analysts anticipate that WSP Global Inc. will post 8.0147448 EPS for the current fiscal year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.50 dividend on an annualized basis and a yield of 0.66%. WSP Global’s dividend payout ratio (DPR) is presently 31.45%.

WSP Global Company Profile

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.