WSP Global (TSE:WSP) had its target price lifted by National Bank Financial from C$57.00 to C$71.00 in a research note released on Friday morning. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for WSP Global’s FY2019 earnings at $3.66 EPS.
Other analysts have also recently issued reports about the company. Canaccord Genuity boosted their price target on WSP Global from C$62.00 to C$67.00 in a research report on Friday, May 11th. TD Securities boosted their price target on WSP Global from C$67.00 to C$70.00 and gave the stock a buy rating in a research report on Friday, March 16th. Desjardins boosted their price objective on shares of WSP Global from C$63.00 to C$66.00 and gave the stock a buy rating in a report on Friday, March 16th. Raymond James boosted their price objective on shares of WSP Global from C$66.00 to C$75.00 and gave the stock an outperform rating in a report on Monday, June 4th. Finally, Royal Bank of Canada boosted their price objective on shares of WSP Global from C$66.00 to C$71.00 and gave the stock an outperform rating in a report on Monday, May 14th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of C$69.38.
Shares of WSP opened at C$73.23 on Friday. WSP Global has a 52 week low of C$48.07 and a 52 week high of C$74.52.
WSP Global (TSE:WSP) last issued its quarterly earnings results on Thursday, March 15th. The company reported C$0.38 EPS for the quarter. WSP Global had a return on equity of 9.97% and a net margin of 4.44%. The firm had revenue of C$1.48 billion for the quarter, compared to analysts’ expectations of C$1.40 billion.
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 15th. Investors of record on Saturday, June 30th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.50 dividend on an annualized basis and a yield of 2.05%.
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 bought at an average cost of C$60.76 per share, for a total transaction of C$30,380.00.
WSP Global Company Profile
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, facade engineering, and green building design.
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