WSP Global Inc (TSE:WSP) – Stock analysts at National Bank Financial lowered their FY2018 earnings estimates for WSP Global in a research report issued on Sunday. National Bank Financial analyst M. Sytchev now forecasts that the company will post earnings of $2.76 per share for the year, down from their prior forecast of $3.18. National Bank Financial has a “Sector Perform Overweight” rating on the stock.
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WSP has been the topic of several other reports. Canaccord Genuity cut shares of WSP Global from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. CIBC raised their price target on shares of WSP Global from C$51.00 to C$54.00 in a research note on Monday, July 10th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$64.00 price target on shares of WSP Global in a research note on Monday. Scotiabank raised their price target on shares of WSP Global from C$57.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 15th. Finally, Raymond James Financial, Inc. raised their price target on shares of WSP Global from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average price target of C$56.71.
WSP Global (TSE:WSP) traded down 0.52% during trading on Wednesday, reaching $57.20. 340,751 shares of the company’s stock traded hands. The firm has a market capitalization of $5.88 billion and a PE ratio of 25.47. WSP Global has a 1-year low of $40.57 and a 1-year high of $58.23. The firm has a 50 day moving average of $52.34 and a 200 day moving average of $51.16.
In related news, Director Louis-Philippe Carrière bought 600 shares of the firm’s stock in a transaction that occurred on Friday, August 18th. The shares were acquired at an average cost of C$50.18 per share, with a total value of C$30,108.00. Also, Director Suzanne Rancourt bought 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of C$50.00 per share, for a total transaction of C$50,000.00.
The business also recently announced a quarterly dividend, which was paid on Sunday, October 15th. Investors of record on Saturday, September 30th were given a $0.375 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.50 annualized dividend and a dividend yield of 2.62%.
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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