WSP Global Inc (TSE:WSP) had its price target increased by investment analysts at TD Securities from C$54.00 to C$58.00 in a report released on Thursday, May 11th. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 11.58% from the stock’s previous close.
Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada increased their price target on shares of WSP Global from C$52.00 to C$55.00 and gave the stock an “outperform” rating in a report on Thursday, May 11th. Desjardins increased their price target on shares of WSP Global from C$48.00 to C$52.00 in a report on Thursday, March 2nd. Canaccord Genuity upped their price objective on shares of WSP Global from C$45.00 to C$50.00 and gave the stock a “buy” rating in a research report on Thursday, March 2nd. Scotiabank restated an “outperform” rating and issued a C$48.00 price objective on shares of WSP Global in a research report on Tuesday, February 28th. Finally, CIBC upped their price objective on shares of WSP Global from C$47.00 to C$51.00 in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of C$52.75.
WSP Global (TSE:WSP) opened at 51.98 on Thursday. WSP Global has a 12-month low of $37.00 and a 12-month high of $52.33. The company has a market capitalization of $5.32 billion and a price-to-earnings ratio of 24.11. The firm has a 50-day moving average of $50.32 and a 200 day moving average of $47.50.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, July 15th. Shareholders of record on Saturday, July 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, June 28th.
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In other WSP Global news, Director Suzanne Rancourt purchased 1,000 shares of WSP Global stock in a transaction on Tuesday, March 21st. The shares were acquired at an average cost of C$46.75 per share, for a total transaction of C$46,750.00. Also, insider Bruno Roy purchased 750 shares of WSP Global stock in a transaction on Thursday, March 23rd. The shares were acquired at an average price of C$46.62 per share, for a total transaction of C$34,965.00.
About WSP Global
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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