WSP Global (TSE:WSP) Reaches New 52-Week Low – Here’s What Happened

WSP Global Inc. (TSE:WSP) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$220.93 and last traded at C$221.48, with a volume of 1341267 shares traded. The stock had previously closed at C$253.24.

Analyst Ratings Changes

A number of research analysts recently commented on WSP shares. Scotiabank increased their target price on WSP Global from C$318.00 to C$320.00 and gave the company an “outperform” rating in a research note on Thursday, January 22nd. BMO Capital Markets upped their price objective on WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. TD Securities raised their price objective on WSP Global from C$330.00 to C$335.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd. Desjardins upped their target price on WSP Global from C$346.00 to C$375.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Finally, Canadian Imperial Bank of Commerce reduced their price target on shares of WSP Global from C$349.00 to C$342.00 in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$330.83.

WSP Global Price Performance

The firm has a fifty day moving average of C$256.69 and a two-hundred day moving average of C$267.24. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The company has a market capitalization of C$29.86 billion, a PE ratio of 33.16, a PEG ratio of 1.09 and a beta of 0.47.

WSP Global (TSE:WSP) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C$2.82 earnings per share for the quarter. The firm had revenue of C$4.53 billion during the quarter. WSP Global had a return on equity of 9.84% and a net margin of 4.24%. Research analysts anticipate that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

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).