Insider Buying: WSP Global (TSE:WSP) Director Buys C$62,615.28 in Stock

WSP Global Inc. (TSE:WSP) Director Pascale Sourisse acquired 364 shares of WSP Global stock in a transaction dated Wednesday, June 24th. The shares were purchased at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares in the company, valued at approximately C$152,753.76. The trade was a 69.47% increase in their position.

WSP Global Stock Performance

TSE:WSP opened at C$178.21 on Friday. The business has a 50 day moving average of C$198.79 and a 200 day moving average of C$226.05. The company has a market capitalization of C$24.03 billion, a price-to-earnings ratio of 24.31, a PEG ratio of 1.09 and a beta of 0.20. WSP Global Inc. has a 1-year low of C$170.85 and a 1-year high of C$291.46. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The business had revenue of C$4.55 billion for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. On average, sell-side analysts predict that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. WSP Global’s dividend payout ratio is 20.46%.

Analyst Upgrades and Downgrades

WSP has been the topic of a number of analyst reports. TD decreased their target price on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Stifel Nicolaus reduced their price objective on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. National Bank Financial lifted their price objective on WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a report on Friday, May 8th. ATB Cormark Capital Markets lowered their target price on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Finally, Desjardins dropped their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$313.42.

About WSP Global

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).