WSP Global (TSE:WSP) Sets New 1-Year Low – Time to Sell?

WSP Global Inc. (TSE:WSP)’s stock price reached a new 52-week low on Tuesday . The company traded as low as C$208.67 and last traded at C$209.50, with a volume of 28439 shares changing hands. The stock had previously closed at C$211.28.

Analyst Upgrades and Downgrades

WSP has been the topic of a number of research analyst reports. TD Securities reduced their target price on WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. TD lowered their price target on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a report on Tuesday, April 28th. Stifel Nicolaus reduced their price objective on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research note on Thursday, April 30th. Scotiabank lifted their target price on WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Finally, Royal Bank Of Canada boosted their target price on WSP Global from C$316.00 to C$325.00 in a research note on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$313.42.

WSP Global Stock Down 1.9%

The firm has a 50-day simple moving average of C$223.42 and a 200 day simple moving average of C$242.56. The stock has a market capitalization of C$27.95 billion, a P/E ratio of 28.28, a P/E/G ratio of 1.09 and a beta of 0.28. The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04.

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

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a $0.375 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.7%. WSP Global’s dividend payout ratio is presently 20.46%.

About WSP Global

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).