Royal Bank Of Canada Reiterates “Outperform” Rating for WSP Global Inc (WSP)
WSP Global Inc (TSE:WSP)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank Of Canada in a note issued to investors on Monday. They currently have a C$45.00 price objective on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 9.06% from the company’s previous close.
WSP has been the topic of a number of other reports. Scotiabank reduced their price target on shares of WSP Global from C$47.00 to C$46.00 and set an “outperform” rating on the stock in a research note on Monday, July 4th. CIBC cut their target price on shares of WSP Global from C$45.00 to C$42.00 in a research note on Wednesday, June 29th. TD Securities reaffirmed a “buy” rating and set a C$49.00 target price on shares of WSP Global in a research note on Thursday, August 4th. Finally, Canaccord Genuity upped their target price on shares of WSP Global from C$44.00 to C$45.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$45.32.
WSP Global (TSE:WSP) traded up 1.02% on Monday, hitting $41.68. 13,604 shares of the company’s stock were exchanged. WSP Global has a 12-month low of $35.11 and a 12-month high of $49.18. The company has a market cap of $4.20 billion and a PE ratio of 28.09. The company’s 50-day moving average price is $42.64 and its 200-day moving average price is $40.63.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Saturday, October 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date is Wednesday, September 28th.
About WSP Global
WSP Global Inc is a professional services company. The Company’s segments are Canada, Americas (US and South America), EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It offers services in project delivery and consulting. It offers various project services throughout the project execution phases.
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