WSP Global Inc. (TSE:WSP – Get Free Report)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as C$173.23 and last traded at C$174.58, with a volume of 399960 shares changing hands. The stock had previously closed at C$176.70.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. National Bank Financial lifted their target price on WSP Global from C$268.00 to C$272.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus decreased their price target on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. ATB Cormark Capital Markets lowered their price objective on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a report on Friday, May 8th. TD lowered their price objective on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a report on Tuesday, April 28th. Finally, BMO Capital Markets cut 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 equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$313.42.
Get Our Latest Analysis on WSP Global
WSP Global Stock Up 1.3%
WSP Global (TSE:WSP – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%.The firm had revenue of C$4.55 billion for the quarter. As a group, sell-side analysts forecast that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.
WSP Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Tuesday, June 30th. WSP Global’s dividend payout ratio (DPR) is presently 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).
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