WSP Global (TSE:WSP) Reaches New 52-Week High at $78.81
Shares of WSP Global Inc (TSE:WSP) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$78.81 and last traded at C$78.65, with a volume of 105237 shares trading hands. The stock had previously closed at C$77.60.
Several research firms recently commented on WSP. Raymond James restated an “outperform” rating and issued a C$90.00 price target on shares of WSP Global in a research note on Thursday, October 10th. CIBC upped their price target on shares of WSP Global from C$81.00 to C$84.00 in a research note on Friday, August 9th. National Bank Financial upped their price target on shares of WSP Global from C$79.00 to C$84.00 and gave the company an “outperform” rating in a research note on Tuesday, September 17th. BMO Capital Markets upped their price target on shares of WSP Global from C$74.00 to C$76.00 in a research note on Friday, August 9th. Finally, TD Securities upped their price target on shares of WSP Global from C$84.00 to C$86.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. WSP Global presently has an average rating of “Buy” and a consensus price target of C$82.81.
The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 84.39. The company’s 50 day moving average is C$75.28 and its 200 day moving average is C$73.00. The firm has a market capitalization of $8.22 billion and a price-to-earnings ratio of 29.10.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.375 per share. 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 1.91%. WSP Global’s payout ratio is 55.56%.
In other WSP Global news, Director Pierre Shoiry sold 307,184 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of C$78.00, for a total transaction of C$23,960,352.00. Following the sale, the director now directly owns 632,275 shares in the company, valued at C$49,317,450.
WSP Global Company Profile (TSE:WSP)
WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.
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