WSP Global Inc (TSE:WSP) shares hit a new 52-week high on Tuesday after CIBC raised their price target on the stock from C$57.00 to C$63.00. CIBC currently has a neutral rating on the stock. WSP Global traded as high as C$61.79 and last traded at C$60.71, with a volume of 50437 shares trading hands. The stock had previously closed at C$60.49.

A number of other brokerages have also weighed in on WSP. National Bank Financial raised their price target on shares of WSP Global from C$52.00 to C$56.00 and gave the company a “sector perform” rating in a research note on Thursday, November 9th. Raymond James Financial raised their price target on shares of WSP Global from C$60.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Royal Bank of Canada raised their price target on shares of WSP Global from C$64.00 to C$66.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Scotiabank raised their price target on shares of WSP Global from C$58.00 to C$62.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, TD Securities raised their target price on shares of WSP Global from C$59.00 to C$67.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. WSP Global currently has an average rating of “Buy” and an average target price of C$61.25.

The company has a market capitalization of $6,310.00, a P/E ratio of 26.06 and a beta of 0.66.

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

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Monday, January 15th were paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Thursday, December 28th. WSP Global’s dividend payout ratio (DPR) is 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.

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