Brokerages Set WSP Global Inc (WSP) PT at $57.20

Shares of WSP Global Inc (TSE:WSP) have been assigned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$57.20.

Several equities research analysts recently issued reports on the company. Scotiabank boosted their price target on WSP Global from C$57.00 to C$58.00 and gave the company an “outperform” rating in a research note on Tuesday, August 15th. Raymond James Financial, Inc. boosted their price target on WSP Global from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research note on Wednesday, August 16th. TD Securities boosted their price target on WSP Global from C$58.00 to C$59.00 and gave the company a “buy” rating in a research note on Thursday, August 10th. CIBC boosted their price target on WSP Global from C$51.00 to C$54.00 in a research note on Monday, July 10th. Finally, National Bank Financial cut WSP Global from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Wednesday, July 12th.

In other WSP Global news, Director Suzanne Rancourt bought 1,000 shares of the business’s stock in a transaction on Thursday, August 17th. The stock was purchased at an average cost of C$50.00 per share, for a total transaction of C$50,000.00. Also, Director Louis-Philippe Carrière bought 600 shares of the business’s stock in a transaction on Friday, August 18th. The shares were acquired at an average price of C$50.18 per share, with a total value of C$30,108.00.

WSP Global (WSP) traded down 1.85% during mid-day trading on Friday, hitting $51.52. The stock had a trading volume of 272,525 shares. WSP Global has a 52 week low of $40.57 and a 52 week high of $55.04. The company has a market capitalization of $5.29 billion and a P/E ratio of 22.94. The stock’s 50-day moving average is $51.73 and its 200 day moving average is $50.72.

The business also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Investors of record on Saturday, September 30th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, September 28th.

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WSP Global Company Profile

Wsp Global Inc is a Canada-based professional services company. The Company’s segments are Canada, Americas, 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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