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

Shares of WSP Global Inc (TSE:WSP) have been given an average rating of “Buy” by the nine brokerages that are covering the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$50.43.

A number of analysts have recently issued reports on the stock. National Bank Financial raised shares of WSP Global from a “sector perform overweight” rating to an “outperform overweight” rating in a research note on Wednesday, March 1st. Desjardins raised shares of WSP Global from a “hold” rating to a “buy” rating in a research note on Wednesday, March 1st. CIBC upped their price objective on shares of WSP Global from C$47.00 to C$51.00 in a research note on Thursday, March 2nd. TD Securities reaffirmed a “buy” rating and issued a C$54.00 price objective on shares of WSP Global in a research note on Thursday, March 2nd. Finally, Raymond James Financial, Inc. raised shares of WSP Global from an “outperform” rating to a “strong-buy” rating and set a C$55.00 price objective for the company in a research note on Thursday, March 2nd.

Shares of WSP Global (TSE:WSP) opened at 49.15 on Friday. The firm has a 50-day moving average of $47.71 and a 200 day moving average of $45.91. The company has a market capitalization of $5.01 billion and a P/E ratio of 24.95. WSP Global has a 1-year low of $37.00 and a 1-year high of $50.46.

The company also recently announced a quarterly dividend, which was paid on Saturday, April 15th. Shareholders of record on Saturday, April 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.50 dividend on an annualized basis and a yield of 3.05%.

In related news, Director Suzanne Rancourt acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were purchased at an average price of C$46.75 per share, for a total transaction of C$46,750.00. Also, insider Bruno Roy acquired 750 shares of the business’s stock in a transaction dated Thursday, March 23rd. The shares were bought at an average price of C$46.62 per share, for a total transaction of C$34,965.00.

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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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