WSP Global (TSE:WSP) Reaches New 1-Year Low – Should You Sell?

WSP Global Inc. (TSE:WSP) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as C$170.59 and last traded at C$172.10, with a volume of 152846 shares changing hands. The stock had previously closed at C$174.44.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Desjardins dropped their target price on WSP Global from C$375.00 to C$372.00 and set a “buy” rating for the company in a report on Friday, May 8th. ATB Cormark Capital Markets lowered their price target on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research report on Friday, May 8th. National Bank Financial lifted their price objective on shares of 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. BMO Capital Markets cut their price objective on shares of WSP Global from C$334.00 to C$305.00 in a report on Friday, May 8th. Finally, Stifel Nicolaus decreased their target price on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to MarketBeat.com, WSP Global presently has an average rating of “Buy” and an average price target of C$313.42.

WSP Global Stock Down 0.8%

The company has a market cap of C$23.33 billion, a P/E ratio of 23.61, a PEG ratio of 1.09 and a beta of 0.20. The stock has a 50-day moving average of C$191.61 and a 200 day moving average of C$222.70. 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 announced its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The firm had revenue of C$4.55 billion for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. Research analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.50 annualized dividend and a yield of 0.9%. WSP Global’s dividend payout ratio is presently 20.46%.

Insider Activity

In other WSP Global news, Director Pascale Sourisse purchased 364 shares of the stock in a transaction dated Wednesday, June 24th. The stock was bought at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the acquisition, the director owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. Insiders own 0.06% of the company’s stock.

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).