WSP Global (TSE:WSP) Hits New 1-Year Low – Here’s Why

Shares of WSP Global Inc. (TSE:WSPGet Free Report) reached a new 52-week low on Thursday . The stock traded as low as C$187.00 and last traded at C$187.00, with a volume of 9730 shares traded. The stock had previously closed at C$194.45.

Analysts Set New Price Targets

WSP has been the subject of several research analyst reports. Royal Bank Of Canada boosted their price objective on shares of WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. Scotiabank boosted their price objective on shares of WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. ATB Cormark Capital Markets dropped their price objective on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research report on Friday, May 8th. TD Securities dropped their price objective on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a research report on Tuesday, February 24th. Finally, BMO Capital Markets dropped their price objective on shares of WSP Global from C$334.00 to C$305.00 in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, WSP Global currently has an average rating of “Buy” and a consensus target price of C$313.42.

Read Our Latest Report on WSP

WSP Global Stock Up 2.0%

The firm’s 50-day simple moving average is C$214.22 and its 200 day simple moving average is C$235.30. The company has a market cap of C$26.32 billion, a P/E ratio of 26.64, a PEG ratio of 1.09 and a beta of 0.28. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19.

WSP Global (TSE:WSPGet Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. The company had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. On average, research analysts forecast that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

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

WSP Global Company Profile

(Get Free Report)

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).

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