WSP Global PT Raised to C$44.00 (WSP)
Equities researchers at LB Securities raised their price objective on shares of WSP Global (TSE:WSP) from C$42.00 to C$44.00 in a research report issued on Friday. LB Securities’ target price would suggest a potential upside of 18.12% from the company’s current price.
WSP Global (TSE:WSP) opened at 37.25 on Friday. WSP Global has a 1-year low of $29.00 and a 1-year high of $39.50. The stock’s 50-day moving average is $38. and its 200-day moving average is $35.96. The company has a market cap of $2.296 billion and a price-to-earnings ratio of 26.54.
WSP Global (TSE:WSP) last announced its earnings results on Wednesday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.08. On average, analysts predict that WSP Global will post $1.77 earnings per share for the current fiscal year.
The company also recently announced a dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.3438 per share. The ex-dividend date is Thursday, June 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial raised their price target on shares of WSP Global from C$40.00 to C$41.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of WSP Global from C$36.00 to C$38.00 in a research note on Wednesday, May 14th. They now have a “sector perform” rating on the stock. Finally, analysts at Dundee Securities raised their price target on shares of WSP Global from C$39.00 to C$43.00 in a research note on Wednesday, May 14th. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$40.69.
WSP Global Inc is a professional services firm, working with governments, businesses, architects and planners and providing integrated solutions across many disciplines, from designing zero-carbon cities to project managing large-scale infrastructure projects.
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