Analysts Set WSP Global Inc (WSP) Price Target at $50.43

Shares of WSP Global Inc (TSE:WSP) have been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm. One analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$50.43.

Several research analysts recently weighed in on the company. National Bank Financial raised WSP Global from a “sector perform overweight” rating to an “outperform overweight” rating in a research report on Wednesday, March 1st. Desjardins raised WSP Global from a “hold” rating to a “buy” rating in a research report on Wednesday, March 1st. Canaccord Genuity upped their price target on WSP Global from C$45.00 to C$50.00 and gave the company a “buy” rating in a research report on Thursday, March 2nd. Raymond James Financial, Inc. raised WSP Global from an “outperform” rating to a “strong-buy” rating and set a C$55.00 price target on the stock in a research report on Thursday, March 2nd. Finally, TD Securities reissued a “buy” rating and set a C$54.00 price target on shares of WSP Global in a research report on Thursday, March 2nd.

In related news, Director Suzanne Rancourt acquired 1,000 shares of the stock in a transaction dated Tuesday, March 21st. The shares were acquired at an average price of C$46.75 per share, with a total value of C$46,750.00. Also, insider Bruno Roy acquired 750 shares of the stock in a transaction dated Thursday, March 23rd. The shares were bought at an average cost of C$46.62 per share, for a total transaction of C$34,965.00.

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WSP Global (TSE:WSP) traded down 0.14% during mid-day trading on Monday, reaching $49.20. 210,841 shares of the company were exchanged. The firm has a market capitalization of $5.01 billion and a P/E ratio of 24.97. The stock has a 50-day moving average of $47.37 and a 200 day moving average of $45.61. WSP Global has a 1-year low of $37.00 and a 1-year high of $49.53.

The company also recently announced a quarterly dividend, which was paid on Saturday, April 15th. Shareholders of record on Saturday, April 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 3.05%. The ex-dividend date of this dividend was Wednesday, March 29th.

WSP Global Company Profile

WSP Global Inc is a professional services company. The Company’s segments are Canada, Americas (US and South America), EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.

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