WSP Global (TSE:WSP) Hits New 1-Year Low on Analyst Downgrade

WSP Global Inc. (TSE:WSP) shares hit 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. The stock had previously closed at C$229.50.

A number of other equities analysts have also weighed in on the company. Royal Bank Of Canada decreased their target price on WSP Global from C$318.00 to C$316.00 in a research report on Friday, November 7th. Canadian Imperial Bank of Commerce decreased their price objective on shares of WSP Global from C$349.00 to C$342.00 in a report on Friday, November 7th. Raymond James Financial increased their price objective on shares of WSP Global from C$310.00 to C$340.00 in a research report on Sunday, January 4th. ATB Cormark Capital Markets downgraded shares of WSP Global from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, February 20th. Finally, Desjardins boosted their target price on shares of WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$328.83.

WSP Global Stock Performance

The business’s 50-day moving average price is C$252.83 and its 200-day moving average price is C$263.01. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26. The stock has a market cap of C$30.32 billion, a P/E ratio of 33.67, a P/E/G ratio of 1.09 and a beta of 0.47.

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).