Analysts Set WSP Global Inc (WSP) Target Price at $54.83
Shares of WSP Global Inc (TSE:WSP) have been given an average recommendation of “Buy” by the nine research firms that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$54.83.
A number of equities analysts have commented on WSP shares. CIBC lifted their price target on WSP Global from C$51.00 to C$54.00 in a research note on Monday, July 10th. Canaccord Genuity cut WSP Global from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. National Bank Financial lowered WSP Global from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Wednesday, July 12th. TD Securities lifted their price objective on WSP Global from C$58.00 to C$59.00 and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, Scotiabank lifted their price objective on WSP Global from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th.
In other news, Director Louis-Philippe Carrière purchased 600 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The shares were bought at an average cost of C$50.18 per share, for a total transaction of C$30,108.00. Also, Director Suzanne Rancourt purchased 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of C$50.00 per share, for a total transaction of C$50,000.00.
Shares of WSP Global (TSE:WSP) traded up 1.17% during mid-day trading on Wednesday, reaching $52.08. The company had a trading volume of 85,756 shares. The stock has a 50 day moving average price of $50.80 and a 200 day moving average price of $50.12. WSP Global has a 12-month low of $40.50 and a 12-month high of $55.04. The firm has a market capitalization of $5.35 billion and a PE ratio of 23.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 30th will be given a $0.375 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.88%.
About WSP Global
WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The companys Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, façade engineering, and green building design.
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