WSP Global (TSE:WSP – Free Report) had its target price boosted by Stifel Nicolaus from C$235.00 to C$250.00 in a research report released on Thursday morning, BayStreet.CA reports. Stifel Nicolaus currently has a buy rating on the stock.
Other equities analysts also recently issued reports about the stock. Raymond James boosted their target price on shares of WSP Global from C$250.00 to C$255.00 and gave the stock a strong-buy rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of WSP Global from C$249.00 to C$252.00 in a research note on Thursday. Royal Bank of Canada boosted their price target on shares of WSP Global from C$237.00 to C$245.00 in a research note on Friday, May 10th. Scotiabank boosted their price target on shares of WSP Global from C$239.00 to C$241.00 in a research note on Friday, May 10th. Finally, Canaccord Genuity Group boosted their price target on shares of WSP Global from C$235.00 to C$255.00 and gave the stock a buy rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of Buy and an average price target of C$246.92.
WSP Global Trading Down 2.1 %
WSP Global (TSE:WSP – Get Free Report) last announced its earnings results on Wednesday, May 8th. The company reported C$1.55 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.48 by C$0.07. WSP Global had a net margin of 3.88% and a return on equity of 9.05%. The company had revenue of C$2.79 billion during the quarter, compared to the consensus estimate of C$2.76 billion. As a group, equities analysts expect that WSP Global will post 8.0954598 earnings per share for the current fiscal year.
WSP Global Announces Dividend
The business also recently declared 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 dividend payout ratio (DPR) is presently 33.26%.
Insider Activity
In other 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 shares were sold at an average price of C$206.30, for a total value of C$595,099,169.00. Corporate 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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