WSP Global (TSE:WSP) Hits New 52-Week High Following Analyst Upgrade

WSP Global Inc. (TSE:WSP)’s share price reached a new 52-week high during trading on Thursday after BMO Capital Markets raised their price target on the stock from C$284.00 to C$294.00. The company traded as high as C$264.87 and last traded at C$262.41, with a volume of 196748 shares. The stock had previously closed at C$258.85.

A number of other equities research analysts have also weighed in on the stock. Raymond James boosted their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. CIBC increased their target price on WSP Global from C$278.00 to C$293.00 in a report on Tuesday, February 18th. TD Securities boosted their price target on WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Stifel Nicolaus increased their price objective on shares of WSP Global from C$295.00 to C$310.00 in a research note on Tuesday, February 18th. Finally, Scotiabank increased their price target on shares of WSP Global from C$281.00 to C$283.00 in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, WSP Global presently has a consensus rating of “Buy” and a consensus target price of C$282.82.

WSP Global Stock Down 1.5 %

The firm has a market capitalization of C$32.91 billion, a PE ratio of 48.74, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The company has a 50-day moving average price of C$251.10 and a 200 day moving average price of C$243.00.

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.375 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 0.59%. 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.