WSP Global (TSE:WSP – Free Report) had its price objective hoisted by Canaccord Genuity Group from C$235.00 to C$255.00 in a research note released on Wednesday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.
A number of other research analysts have also weighed in on the company. Scotiabank increased their price objective on WSP Global from C$239.00 to C$241.00 in a report on Friday, May 10th. Royal Bank of Canada lifted their price objective on WSP Global from C$237.00 to C$245.00 in a research report on Friday, May 10th. Stifel Nicolaus reduced their price objective on WSP Global from C$245.00 to C$235.00 in a research report on Friday, May 10th. Finally, BMO Capital Markets lifted their target price on WSP Global from C$248.00 to C$249.00 in a research report on Wednesday, July 24th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, WSP Global currently has an average rating of Buy and an average target price of C$246.92.
Read Our Latest Stock Report on WSP Global
WSP Global Price Performance
WSP Global (TSE:WSP – Get Free Report) last issued its earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.48 by C$0.07. WSP Global had a return on equity of 9.05% and a net margin of 3.88%. The business had revenue of C$2.79 billion during the quarter, compared to analyst estimates of C$2.76 billion. Equities analysts expect that WSP Global will post 8.0954598 EPS for the current year.
WSP Global Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. WSP Global’s payout ratio is currently 33.26%.
Insider Activity
In other WSP Global news, insider Caisse de dépôt et placement du Québec sold 2,884,630 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of C$206.30, for a total transaction of C$595,099,169.00. Company insiders own 0.07% of the company’s stock.
WSP Global Company Profile
WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.
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