WSP Global (WSP) Price Target Increased to C$63.00 by Analysts at CIBC

WSP Global (TSE:WSP) had its price target lifted by CIBC from C$57.00 to C$63.00 in a report released on Tuesday. CIBC currently has a neutral rating on the stock.

A number of other research firms have also recently commented on WSP. Canaccord Genuity increased their price target on WSP Global from C$54.00 to C$58.00 in a research note on Monday, November 13th. Scotiabank increased their price target on WSP Global from C$58.00 to C$62.00 and gave the company an outperform rating in a research note on Thursday, November 9th. Raymond James Financial increased their price target on WSP Global from C$60.00 to C$66.00 and gave the company an outperform rating in a research note on Thursday, November 9th. Royal Bank of Canada reiterated an outperform rating and issued a C$64.00 price target on shares of WSP Global in a research note on Monday, October 23rd. Finally, TD Securities increased their price target on WSP Global from C$59.00 to C$67.00 and gave the company a buy rating in a research note on Thursday, November 9th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. WSP Global has an average rating of Buy and an average price target of C$61.25.

Shares of WSP Global (WSP) traded up C$0.54 during mid-day trading on Tuesday, reaching C$61.25. The company had a trading volume of 229,981 shares, compared to its average volume of 130,471. WSP Global has a 12 month low of C$43.56 and a 12 month high of C$61.79. The company has a market capitalization of $6,320.00, a P/E ratio of 26.29 and a beta of 0.66.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, November 8th. The company reported C$0.88 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.85 by C$0.03. WSP Global had a return on equity of 9.97% and a net margin of 4.44%.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Monday, January 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, December 28th. WSP Global’s payout ratio is 64.38%.

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About WSP Global

Wsp Global Inc is a Canada-based professional services company. The Company’s segments are Canada, Americas, 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.

Analyst Recommendations for WSP Global (TSE:WSP)

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