WSP Global Inc (WSP) Stock Rating Reaffirmed by Scotiabank

WSP Global Inc (TSE:WSP)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Scotiabank in a note issued to investors on Thursday. They currently have a C$46.00 price objective on the stock. Scotiabank’s target price points to a potential upside of 12.39% from the company’s previous close.

Other analysts have also recently issued research reports about the company. CIBC lowered their price target on WSP Global from C$45.00 to C$42.00 in a report on Wednesday, June 29th. TD Securities reiterated a “buy” rating and set a C$49.00 target price on shares of WSP Global in a report on Thursday, August 4th. 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 report 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 report on Wednesday, September 21st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a C$45.00 target price on shares of WSP Global in a report on Monday, September 19th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of C$45.59.

Analyst Recommendations for WSP Global (TSE:WSP)

Shares of WSP Global (TSE:WSP) opened at 40.93 on Thursday. WSP Global has a 12-month low of $35.11 and a 12-month high of $49.18. The firm’s 50-day moving average is $42.13 and its 200-day moving average is $41.08. The firm has a market cap of $4.13 billion and a PE ratio of 27.58.

The firm also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Shareholders of record on Saturday, October 15th were given 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 was 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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