TD Securities Reaffirms “Buy” Rating for WSP Global Inc (WSP)
WSP Global Inc (TSE:WSP)‘s stock had its “buy” rating restated by TD Securities in a research note issued to investors on Wednesday, StockTargetPrices.com reports. They currently have a C$49.00 price objective on the stock. TD Securities’ price target points to a potential upside of 16.64% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on WSP. BMO Capital Markets boosted their price objective on WSP Global from C$41.50 to C$43.00 and gave the stock a “market perform” rating in a research note on Wednesday. Canaccord Genuity boosted their price objective on WSP Global from C$44.00 to C$45.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Royal Bank Of Canada reissued an “outperform” rating and set a C$45.00 price objective on shares of WSP Global in a research note on Monday. CIBC reduced their price objective on WSP Global from C$45.00 to C$42.00 in a research note on Wednesday, June 29th. Finally, Scotiabank reissued an “outperform” rating and set a C$46.00 price objective on shares of WSP Global in a research note on Thursday, August 4th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$45.59.
WSP Global (TSE:WSP) traded up 2.00% on Wednesday, hitting $42.85. The stock had a trading volume of 89,060 shares. WSP Global has a 1-year low of $35.11 and a 1-year high of $49.18. The firm has a market capitalization of $4.32 billion and a price-to-earnings ratio of 28.87. The stock’s 50-day moving average is $42.69 and its 200 day moving average is $40.69.
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The company also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Saturday, October 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.57%.
WSP Global Company Profile
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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