WSP Global (TSE:WSP) Sets New 1-Year High at $81.76

WSP Global Inc (TSE:WSP) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$81.76 and last traded at C$81.70, with a volume of 54475 shares. The stock had previously closed at C$80.36.

WSP has been the subject of several research analyst reports. TD Securities lifted their price objective on WSP Global from C$84.00 to C$86.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Raymond James set a C$90.00 price objective on WSP Global and gave the stock an “outperform” rating in a report on Wednesday, October 16th. CIBC lifted their price objective on WSP Global from C$81.00 to C$84.00 in a report on Friday, August 9th. National Bank Financial lifted their price objective on WSP Global from C$79.00 to C$84.00 and gave the stock an “outperform” rating in a report on Tuesday, September 17th. Finally, Royal Bank of Canada lifted their price objective on WSP Global from C$87.00 to C$88.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$82.81.

The company has a market capitalization of $8.60 billion and a PE ratio of 30.19. The company has a debt-to-equity ratio of 84.39, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50-day moving average of C$76.60 and a two-hundred day moving average of C$73.28.

WSP Global (TSE:WSP) last released its earnings results on Thursday, August 8th. The company reported C$0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.94 by C$0.01. The company had revenue of C$1.77 billion for the quarter, compared to analysts’ expectations of C$1.71 billion. As a group, research analysts anticipate that WSP Global Inc will post 4.1300002 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.375 per share. The ex-dividend date was Friday, September 27th. This represents a $1.50 annualized dividend and a yield of 1.84%. WSP Global’s dividend payout ratio (DPR) is presently 55.56%.

In related news, Director Pierre Shoiry sold 307,184 shares of WSP Global stock in a transaction on Friday, September 20th. The stock was sold at an average price of C$78.00, for a total transaction of C$23,960,352.00. Following the transaction, the director now directly owns 632,275 shares in the company, valued at C$49,317,450.

About WSP Global (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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