WSP Global Inc (TSE:WSP) has earned a consensus recommendation of “Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$57.20.
Several equities research analysts recently issued reports on the stock. Raymond James Financial, Inc. increased their price objective on shares of WSP Global from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Wednesday, August 16th. Scotiabank increased their price objective on shares of WSP Global from C$57.00 to C$58.00 and gave the company an “outperform” rating in a report on Tuesday, August 15th. TD Securities increased their price objective on shares of WSP Global from C$58.00 to C$59.00 and gave the company a “buy” rating in a report on Thursday, August 10th. National Bank Financial lowered shares of WSP Global from an “outperform overweight” rating to a “sector perform overweight” rating in a report on Wednesday, July 12th. Finally, Canaccord Genuity lowered shares of WSP Global from a “buy” rating to a “hold” rating in a report on Monday, July 17th.
Shares of WSP Global (WSP) traded down 0.78% during mid-day trading on Friday, hitting $52.39. 91,771 shares of the company were exchanged. WSP Global has a 12-month low of $40.57 and a 12-month high of $55.04. The company’s 50-day moving average price is $51.61 and its 200-day moving average price is $50.59. The firm has a market capitalization of $5.38 billion and a P/E ratio of 23.33.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.375 per share. The ex-dividend date is Thursday, September 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.86%.
In related news, Director Louis-Philippe Carrière purchased 600 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was bought at an average cost of C$50.18 per share, for a total transaction of C$30,108.00. Also, Director Suzanne Rancourt purchased 1,000 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average price of C$50.00 per share, with a total value of C$50,000.00.
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.
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