WSP Global Receives Average Rating of “Buy” from Analysts (TSE:WSP)
WSP Global (TSE:WSP) has earned an average rating of “Buy” from the fourteen ratings firms that are covering the company, Analyst Ratings Network.com reports. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$40.86.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of WSP Global from C$36.00 to C$37.00 in a research note on Thursday. They now have a “hold” rating on the stock. Separately, analysts at Desjardins initiated coverage on shares of WSP Global in a research note on Monday, June 30th. They set a “buy” rating and a C$42.00 price target on the stock. Finally, analysts at LB Securities raised their price target on shares of WSP Global from C$42.00 to C$44.00 in a research note on Friday, June 20th.
WSP Global (TSE:WSP) traded up 1.89% on Thursday, hitting $36.19. 35,427 shares of the company’s stock traded hands. WSP Global has a 52 week low of $29.00 and a 52 week high of $39.50. The stock has a 50-day moving average of $36.86 and a 200-day moving average of $36.41. The company has a market cap of $2.231 billion and a price-to-earnings ratio of 24.67.
WSP Global (TSE:WSP) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.07. Analysts expect that WSP Global will post $1.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 4.22%.
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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