WSP Global Inc. (TSE:WSP) Director Acquires C$501,540.64 in Stock

WSP Global Inc. (TSE:WSP) Director Macky Tall bought 2,056 shares of the stock in a transaction dated Thursday, March 6th. The stock was purchased at an average price of C$243.94 per share, with a total value of C$501,540.64.

WSP Global Trading Up 0.8 %

TSE:WSP opened at C$247.28 on Monday. The firm has a 50-day simple moving average of C$250.89 and a 200-day simple moving average of C$244.88. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. WSP Global Inc. has a one year low of C$201.24 and a one year high of C$264.87. The firm has a market cap of C$31.90 billion, a P/E ratio of 47.25, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WSP. UBS Group lifted their price objective on shares of WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. Canaccord Genuity Group lifted their price objective on shares of WSP Global from C$290.00 to C$305.00 in a report on Friday, February 28th. BMO Capital Markets lifted their price objective on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. CIBC lifted their price objective on shares of WSP Global from C$293.00 to C$295.00 in a report on Friday, February 28th. Finally, Stifel Nicolaus lifted their price objective on shares of WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$284.85.

WSP Global Company Profile

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).