WSP Global Inc (TSE:WSP) – Desjardins cut their Q4 2017 earnings estimates for shares of WSP Global in a research report issued on Thursday. Desjardins analyst B. Poirier now expects that the company will post earnings per share of $0.75 for the quarter, down from their previous forecast of $0.76.
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Several other research firms have also recently commented on WSP. CIBC raised their target price on WSP Global from C$51.00 to C$54.00 in a research report on Monday, July 10th. TD Securities raised their target price on WSP Global from C$58.00 to C$59.00 and gave the company a “buy” rating in a research report on Thursday. Raymond James Financial, Inc. lifted their price target on WSP Global from C$55.00 to C$56.00 and gave the company a “strong-buy” rating in a research report on Friday, May 12th. Scotiabank lifted their price target on WSP Global from C$49.00 to C$57.00 and gave the company an “outperform” rating in a research report on Thursday, May 11th. Finally, National Bank Financial cut WSP Global from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of C$53.25.
Shares of WSP Global (TSE WSP) opened at 49.07 on Friday. WSP Global has a 1-year low of $40.50 and a 1-year high of $55.04. The company has a 50 day moving average price of $51.75 and a 200-day moving average price of $49.17. The stock has a market capitalization of $5.02 billion and a P/E ratio of 21.85.
The company also recently declared a quarterly dividend, which will be paid on Sunday, October 15th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 3.06%. The ex-dividend date is Thursday, 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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