WSP Global Inc (WSP) Rating Reiterated by Royal Bank Of Canada
WSP Global Inc (TSE:WSP)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a research note issued to investors on Monday, StockTargetPrices.com reports. They presently have a C$45.00 price target on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 7.12% from the company’s previous close.
A number of other research analysts also recently issued reports on the stock. Scotiabank cut their target price on shares of WSP Global from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a report on Monday, July 4th. CIBC cut their target price on shares of WSP Global from C$45.00 to C$42.00 in a report on Wednesday, June 29th. TD Securities reaffirmed a “buy” rating and issued a C$49.00 target price on shares of WSP Global in a report on Thursday, August 4th. Finally, Canaccord Genuity lifted their target price on shares of WSP Global from C$44.00 to C$45.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. WSP Global currently has a consensus rating of “Buy” and an average target price of C$45.32.
Shares of WSP Global (TSE:WSP) opened at 42.01 on Monday. The firm’s 50-day moving average is $42.69 and its 200 day moving average is $40.69. The stock has a market capitalization of $4.24 billion and a price-to-earnings ratio of 28.31. WSP Global has a 52-week low of $35.11 and a 52-week high of $49.18.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Saturday, October 15th will be issued a $0.375 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.50 dividend on an annualized basis and a yield of 3.57%.
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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