WSP Global Receives Consensus Recommendation of “Buy” from Brokerages (TSE:WSP)
Shares of WSP Global (TSE:WSP) have earned an average recommendation of “Buy” from the fourteen brokerages that are covering the company, ARN reports. Three analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$40.86.
WSP Global (TSE:WSP) opened at 35.53 on Thursday. WSP Global has a 52-week low of $29.00 and a 52-week high of $39.50. The stock’s 50-day moving average is $36.70 and its 200-day moving average is $36.43. The company has a market cap of $2.202 billion and a P/E ratio of 24.74.
WSP Global (TSE:WSP) last released its earnings data on Thursday, August 7th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters 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 declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.22%.
A number of research firms have recently commented on WSP. Analysts at RBC Capital cut their price target on shares of WSP Global from C$38.00 to C$37.00 in a research note on Thursday. They now have a “sector perform” rating on the stock. Separately, analysts at Scotiabank raised their price target on shares of WSP Global from C$41.00 to C$42.00 in a research note on Thursday. They now have an “outperform” rating on the stock. Finally, 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.
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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