WSP Global Inc (WSP) Given Consensus Recommendation of “Buy” by Analysts

WSP Global Inc (TSE:WSP) has been given a consensus recommendation of “Buy” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is C$63.00.

WSP has been the subject of several research reports. CIBC increased their target price on WSP Global from C$57.00 to C$63.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 16th. Canaccord Genuity increased their target price on WSP Global from C$54.00 to C$58.00 in a research report on Monday, November 13th. Scotiabank increased their target price on WSP Global from C$58.00 to C$62.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Raymond James Financial increased their target price on WSP Global from C$60.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a C$64.00 target price on shares of WSP Global in a research report on Monday, October 23rd.

WSP Global (WSP) opened at C$57.57 on Friday. WSP Global has a 12 month low of C$44.50 and a 12 month high of C$62.59. The company has a market capitalization of $5,980.00, a P/E ratio of 24.71 and a beta of 0.59.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, November 8th. The company reported C$0.88 earnings per share for the quarter, topping the consensus estimate of C$0.85 by C$0.03. WSP Global had a return on equity of 9.97% and a net margin of 4.44%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Monday, January 15th were given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date was Thursday, December 28th. WSP Global’s dividend payout ratio (DPR) is presently 64.38%.

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About WSP Global

Wsp Global Inc is a Canada-based professional services company. The Company’s segments are Canada, Americas, 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.

Analyst Recommendations for WSP Global (TSE:WSP)

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