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

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

Several analysts have recently weighed in on the stock. Raymond James set a C$90.00 target price on shares of WSP Global and gave the company an “outperform” rating in a report on Wednesday, October 16th. TD Securities boosted their price objective on shares of WSP Global from C$84.00 to C$86.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Royal Bank of Canada boosted their price objective on shares of WSP Global from C$87.00 to C$88.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. BMO Capital Markets boosted their price objective on shares of WSP Global from C$74.00 to C$76.00 in a report on Friday, August 9th. Finally, CIBC boosted their price objective on shares of WSP Global from C$81.00 to C$84.00 in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. WSP Global currently has an average rating of “Buy” and an average target price of C$82.81.

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 market cap of $8.44 billion and a price-to-earnings ratio of 30.30. The business’s 50-day simple moving average is C$75.89 and its 200-day simple moving average is C$73.11.

WSP Global (TSE:WSP) last announced its earnings results on Thursday, August 8th. The company reported C$0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.94 by C$0.01. The business had revenue of C$1.77 billion for the quarter, compared to analyst estimates of C$1.71 billion. As a group, sell-side analysts forecast that WSP Global Inc will post 4.1300002 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, September 27th. WSP Global’s dividend payout ratio is presently 55.56%.

In other news, Director Pierre Shoiry sold 307,184 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of C$78.00, for a total value of C$23,960,352.00. Following the completion of the transaction, the director now owns 632,275 shares of the company’s stock, 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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