Pascale Sourisse Purchases 364 Shares of WSP Global (TSE:WSP) Stock

WSP Global Inc. (TSE:WSPGet Free Report) Director Pascale Sourisse acquired 364 shares of WSP Global stock in a transaction dated Wednesday, June 24th. The shares were acquired at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the acquisition, the director directly owned 888 shares in the company, valued at C$152,753.76. This trade represents a 69.47% increase in their position.

WSP Global Price Performance

Shares of WSP Global stock opened at C$178.21 on Friday. The firm has a market cap of C$24.03 billion, a P/E ratio of 24.31, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20. The firm’s 50-day simple moving average is C$198.79 and its 200-day simple moving average is C$226.05. WSP Global Inc. has a twelve month low of C$170.85 and a twelve month high of C$291.46. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19.

WSP Global (TSE:WSPGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. As a group, research analysts expect that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Announces Dividend

The business 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. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 30th. WSP Global’s dividend payout ratio is currently 20.46%.

Analyst Ratings Changes

Several equities analysts recently commented on WSP shares. Desjardins cut their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Scotiabank upped their price target on WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Royal Bank Of Canada increased their price objective on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. National Bank Financial lifted their price objective on WSP Global from C$268.00 to C$272.00 and gave the company an “outperform” rating in a report on Friday, May 8th. Finally, Stifel Nicolaus reduced their target price on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$313.42.

Read Our Latest Stock Analysis on WSP

WSP Global Company Profile

(Get Free Report)

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).

Further Reading

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