Scotiabank Reiterates Outperform Rating for WSP Global Inc (WSP)
WSP Global Inc (TSE:WSP)‘s stock had its “outperform” rating reaffirmed by stock analysts at Scotiabank in a report issued on Wednesday. They currently have a C$48.00 price target on the stock. Scotiabank’s target price points to a potential upside of 4.01% from the company’s previous close.
A number of other brokerages have also recently issued reports on WSP. Canaccord Genuity upped their price objective on shares of WSP Global from C$44.00 to C$45.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. TD Securities reiterated a “buy” rating and issued a C$49.00 price objective on shares of WSP Global in a report on Thursday, August 4th. BMO Capital Markets upped their price objective on shares of WSP Global from C$41.50 to C$43.00 and gave the stock a “market perform” rating in a report on Wednesday, September 21st. CIBC upped their price target on shares of WSP Global from C$42.00 to C$44.00 in a report on Wednesday. Finally, Royal Bank Of Canada restated an “outperform” rating and set a C$45.00 price target on shares of WSP Global in a report on Monday, September 19th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of C$46.23.
WSP Global (TSE:WSP) opened at 46.15 on Wednesday. WSP Global has a 52 week low of $35.11 and a 52 week high of $46.75. The firm has a 50-day moving average price of $42.08 and a 200-day moving average price of $41.55. The firm has a market capitalization of $4.65 billion and a P/E ratio of 31.10.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Wednesday, September 28th.
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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