WSP Global (TSE:WSP) Reaches New 1-Year Low After Analyst Downgrade

WSP Global Inc. (TSE:WSP) reached a new 52-week low during trading on Monday after TD Securities lowered their price target on the stock from C$335.00 to C$311.00. The stock traded as low as C$216.75 and last traded at C$217.90, with a volume of 238905 shares changing hands. The stock had previously closed at C$229.50.

A number of other equities research analysts have also recently commented on the stock. National Bank Financial lifted their price target on shares of WSP Global from C$301.00 to C$304.00 and gave the stock an “outperform” rating in a report on Tuesday, December 23rd. Royal Bank Of Canada lowered their target price on WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. Canadian Imperial Bank of Commerce cut their price target on WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. Scotiabank boosted their price objective 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. Finally, Desjardins upped their price objective on shares of WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$328.83.

WSP Global Stock Performance

The stock has a market capitalization of C$30.32 billion, a P/E ratio of 33.67, a PEG ratio of 1.09 and a beta of 0.47. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The company has a 50-day moving average price of C$252.83 and a two-hundred day moving average price of C$263.01.

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).