WSP Global Inc (WSP) Receives “Outperform” Rating from Scotiabank
WSP Global Inc (TSE:WSP)‘s stock had its “outperform” rating reiterated by research analysts at Scotiabank in a note issued to investors on Thursday. They presently have a C$46.00 target price on the stock. Scotiabank’s price objective would suggest a potential upside of 12.14% from the company’s previous close.
Several other equities research analysts have also recently weighed in on WSP. Canaccord Genuity boosted their target price 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. TD Securities restated a “buy” rating and set a C$49.00 target price on shares of WSP Global in a research note on Thursday, August 4th. BMO Capital Markets boosted their target price 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, September 21st. Royal Bank Of Canada restated an “outperform” rating and set a C$45.00 target price on shares of WSP Global in a research note on Monday, September 19th. Finally, CIBC decreased their target price on WSP Global from C$45.00 to C$42.00 in a research note on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$45.59.
Shares of WSP Global (TSE:WSP) traded down 0.63% on Thursday, hitting $41.02. The stock had a trading volume of 168,902 shares. WSP Global has a 12 month low of $35.11 and a 12 month high of $49.18. The stock has a market cap of $4.14 billion and a P/E ratio of 27.64. The firm has a 50 day moving average of $42.23 and a 200 day moving average of $41.06.
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The business also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Saturday, October 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, September 28th.
About WSP Global
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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