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

WSP Global Inc. (TSE:WSP) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$212.30 and last traded at C$214.62, with a volume of 51572 shares. The stock had previously closed at C$217.74.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WSP. BMO Capital Markets lifted their target price on shares of WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. Canadian Imperial Bank of Commerce raised their price target on WSP Global from C$342.00 to C$343.00 in a research report on Monday, March 2nd. Desjardins lifted their price objective on WSP Global from C$346.00 to C$375.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Royal Bank Of Canada boosted their price objective on WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. Finally, National Bank Financial increased their target price on WSP Global from C$304.00 to C$309.00 and gave the company an “outperform” rating in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$328.18.

WSP Global Stock Down 2.3%

The firm’s 50-day simple moving average is C$239.43 and its 200-day simple moving average is C$254.38. The company has a debt-to-equity ratio of 59.38, a quick ratio of 1.04 and a current ratio of 1.27. The company has a market capitalization of C$28.68 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.09 and a beta of 0.15.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, February 25th. The company reported C$2.65 EPS for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. The business had revenue of C$4.85 billion during the quarter. Sell-side analysts forecast that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.7%. WSP Global’s dividend payout ratio is 20.38%.

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).