WSP Global Inc (WSP) Stock Rating Reaffirmed by Scotiabank
WSP Global Inc (TSE:WSP)‘s stock had its “outperform” rating reiterated by stock analysts at Scotiabank in a note issued to investors on Tuesday. They presently have a C$46.00 target price on the stock. Scotiabank’s price objective would suggest a potential upside of 12.69% from the company’s current price.
Several other research firms have also weighed in on WSP. TD Securities reaffirmed a “buy” rating and issued a C$49.00 price objective on shares of WSP Global in a research note on Wednesday, September 21st. BMO Capital Markets raised their price objective on WSP Global from C$41.50 to C$43.00 and gave the company a “market perform” rating in a research note on Wednesday, September 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$45.00 price objective on shares of WSP Global in a research note on Monday, September 19th. Canaccord Genuity raised their price objective on WSP Global from C$44.00 to C$45.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, CIBC reduced their price objective on WSP Global from C$45.00 to C$42.00 in a research note on Wednesday, June 29th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of C$45.59.
WSP Global (TSE:WSP) traded up 0.98% during trading on Tuesday, hitting $41.22. The stock had a trading volume of 47,254 shares. The company has a market cap of $4.16 billion and a price-to-earnings ratio of 27.78. The company has a 50-day moving average of $42.61 and a 200 day moving average of $40.94. WSP Global has a 52 week low of $35.11 and a 52 week high of $49.18.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Saturday, October 15th will be given a $0.375 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.50 annualized dividend and a yield of 3.67%.
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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