WSP Global Inc (WSP) Receives Buy Rating from TD Securities
WSP Global Inc (TSE:WSP)‘s stock had its “buy” rating restated by equities research analysts at TD Securities in a research report issued to clients and investors on Wednesday. They presently have a C$49.00 price target on the stock. TD Securities’ price target would suggest a potential upside of 16.64% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on WSP. CIBC decreased their price objective on shares of WSP Global from C$45.00 to C$42.00 in a research report on Wednesday, June 29th. Scotiabank decreased their price objective on shares of WSP Global from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research report on Monday, July 4th. Canaccord Genuity boosted their price objective on shares of WSP Global from C$44.00 to C$45.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Royal Bank Of Canada restated an “outperform” rating and issued a C$45.00 price objective on shares of WSP Global in a research report on Monday. Finally, BMO Capital Markets boosted their price objective on shares of WSP Global from C$41.50 to C$43.00 and gave the company a “market perform” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$45.59.
WSP Global (TSE:WSP) traded up 1.88% during midday trading on Wednesday, reaching $42.80. 86,810 shares of the company’s stock traded hands. The firm’s 50-day moving average is $42.69 and its 200 day moving average is $40.69. WSP Global has a 52-week low of $35.11 and a 52-week high of $49.18. The firm has a market cap of $4.32 billion and a PE ratio of 28.84.
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The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Saturday, October 15th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Wednesday, September 28th.
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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