WSP Global Inc (WSP) Given Consensus Rating of “Hold” by Analysts

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Shares of WSP Global Inc (TSE:WSP) have earned an average recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$69.38.

WSP has been the subject of a number of recent research reports. Royal Bank of Canada increased their target price on WSP Global from C$66.00 to C$71.00 and gave the company an “outperform” rating in a research note on Monday, May 14th. TD Securities increased their target price on WSP Global from C$67.00 to C$70.00 and gave the company a “buy” rating in a research note on Friday, March 16th. National Bank Financial increased their target price 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. Raymond James increased their target price on WSP Global from C$66.00 to C$75.00 and gave the company an “outperform” rating in a research note on Monday, June 4th. Finally, Canaccord Genuity increased their target price on WSP Global from C$61.00 to C$62.00 in a research note on Friday, March 16th.

Shares of WSP Global stock traded down C$0.27 during trading hours on Friday, reaching C$71.78. The stock had a trading volume of 180,956 shares, compared to its average volume of 283,022. WSP Global has a 1 year low of C$48.07 and a 1 year high of C$75.42.

WSP Global (TSE:WSP) last released its quarterly earnings data on Thursday, May 10th. The company reported C$0.66 EPS for the quarter, topping analysts’ consensus estimates of C$0.63 by C$0.03. The company had revenue of C$1.91 billion for the quarter, compared to the consensus estimate of C$1.50 billion. WSP Global had a return on equity of 9.97% and a net margin of 4.44%.

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 15th. Stockholders of record on Saturday, June 30th will be paid 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 dividend yield of 2.09%.

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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