National Bank Financial Raises WSP Global (WSP) Price Target to C$71.00

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.

Analyst Recommendations for WSP Global (TSE:WSP)

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