WSP Global (TSE:WSP) Reaches New 52-Week Low – Should You Sell?

WSP Global Inc. (TSE:WSP)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$168.99 and last traded at C$169.85, with a volume of 229735 shares trading hands. The stock had previously closed at C$175.14.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on WSP shares. BMO Capital Markets lowered their price target on WSP Global from C$278.00 to C$272.00 in a report on Tuesday, July 14th. Canadian Imperial Bank of Commerce reduced their price objective on shares of WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. Desjardins set a C$372.00 target price on shares of WSP Global and gave the company a “buy” rating in a research report on Thursday, July 16th. Canaccord Genuity Group lowered their target price on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, TD lowered their target price on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. 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 data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$300.50.

WSP Global Trading Down 5.0%

The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04. The business has a 50-day simple moving average of C$182.17 and a 200-day simple moving average of C$217.06. The company has a market cap of C$22.44 billion, a PE ratio of 22.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.20.

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

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Tuesday, June 30th. WSP Global’s payout ratio is currently 20.46%.

Insiders Place Their Bets

In other WSP Global news, Director Pascale Sourisse purchased 364 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were bought at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the purchase, the director directly owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This trade represents a 69.47% increase in their ownership of the stock. 0.06% of the stock is currently owned by corporate insiders.

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).