WSP Global (TSE:WSP) Reaches New 12-Month High at $75.73

WSP Global Inc (TSE:WSP)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$75.73 and last traded at C$75.60, with a volume of 52247 shares. The stock had previously closed at C$74.66.

A number of equities research analysts recently issued reports on the company. TD Securities increased their price target on WSP Global from C$84.00 to C$86.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada increased their price target on WSP Global from C$87.00 to C$88.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Raymond James set a C$86.00 target price on WSP Global and gave the company an “outperform” rating in a report on Thursday, September 5th. BMO Capital Markets raised their target price on WSP Global from C$74.00 to C$76.00 in a report on Friday, August 9th. Finally, CIBC raised their target price on WSP Global from C$81.00 to C$84.00 in a report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. WSP Global has an average rating of “Buy” and an average price target of C$81.69.

The stock has a fifty day simple moving average of C$72.46 and a two-hundred day simple moving average of C$72.05. The stock has a market cap of $7.84 billion and a price-to-earnings ratio of 27.93. The company has a debt-to-equity ratio of 84.39, a quick ratio of 1.26 and a current ratio of 1.26.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Friday, September 27th. WSP Global’s dividend payout ratio is presently 55.56%.

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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