WSP Global (TSE:WSP) Reaches New 52-Week Low – Here’s What Happened

Shares of WSP Global Inc. (TSE:WSP) reached a new 52-week low on Wednesday . The company traded as low as C$181.97 and last traded at C$182.88, with a volume of 183548 shares. The stock had previously closed at C$186.04.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. BMO Capital Markets dropped their price target on WSP Global from C$334.00 to C$305.00 in a research note on Friday, May 8th. Desjardins dropped their price target on WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. National Bank Financial upped their price target on WSP Global from C$268.00 to C$272.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Canaccord Genuity Group dropped their price target on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Scotiabank upped their price target on WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$313.42.

WSP Global Trading Up 3.2%

The stock has a market capitalization of C$25.40 billion, a PE ratio of 25.70, a P/E/G ratio of 1.09 and a beta of 0.28. The firm has a 50 day moving average price of C$211.67 and a 200 day moving average price of C$233.19. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04.

WSP Global (TSE:WSP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The firm had revenue of C$4.55 billion during the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. Equities analysts expect that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. WSP Global’s dividend payout ratio is 20.46%.

WSP Global Company Profile

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).