TD Securities Boosts WSP Global (TSE:WSP) Price Target to C$70.00

WSP Global (TSE:WSP) had its price objective boosted by TD Securities from C$67.00 to C$70.00 in a research note published on Friday, March 16th. They currently have a buy rating on the stock.

Other analysts have also recently issued research reports about the company. Desjardins increased their target price on WSP Global from C$63.00 to C$66.00 and gave the stock a buy rating in a report on Friday, March 16th. Scotiabank increased their target price on WSP Global from C$62.00 to C$64.00 and gave the stock an outperform rating in a report on Friday, March 16th. Canaccord Genuity upped their price target on WSP Global from C$61.00 to C$62.00 in a research note on Friday, March 16th. National Bank Financial upped their price target on WSP Global from C$56.00 to C$57.00 and gave the company a sector perform rating in a research note on Friday, March 16th. Finally, CIBC upped their price target on WSP Global from C$57.00 to C$63.00 and gave the company a neutral rating in a research note on Tuesday, January 16th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. WSP Global presently has a consensus rating of Buy and an average price target of C$64.25.

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WSP opened at C$57.21 on Friday. WSP Global has a 1 year low of C$47.36 and a 1 year high of C$62.59.

WSP Global (TSE:WSP) last announced its quarterly earnings results on Thursday, March 15th. The company reported C$0.38 earnings per share for the quarter. The firm had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.40 billion. WSP Global had a return on equity of 9.97% and a net margin of 4.44%.

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 15th. Investors of record on Sunday, April 15th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.62%.

In other news, Director Birgit Norgaard acquired 500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 21st. The stock was acquired at an average cost of C$60.76 per share, for a total transaction of C$30,380.00.

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About WSP Global

WSP Global Inc operates as a professional services company in the United States, Canada, the United Kingdom, Sweden, and internationally. The company's Property & Buildings segment provides technical and management consultancy services, such as structural and mechanical, electrical, and plumbing engineering; and a range of specialist services, including fire engineering, lighting design, vertical transportation, acoustics, intelligent building systems, audiovisual systems, information technology, façade engineering, and green building design.

Analyst Recommendations for WSP Global (TSE:WSP)

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