WSP Global (TSE:WSP) Reaches New 1-Year Low - Here's Why

Key Points

• WSP Global hit a new 52-week low of C$216.75 (last C$217.90) and is trading well below its 50-day (C$254.27) and 200-day (C$264.12) moving averages, indicating recent downside momentum.
• Despite the drop, analysts maintain a Buy consensus with an average price target of C$330.83, and several firms (ATB Cormark, TD, Desjardins, National Bank) raised targets on Dec. 23.
• WSP has a market cap of C$29.15 billion, a P/E of 32.37 and PEG of 1.09, with a current ratio of 1.26 and debt-to-equity around 80.45, reflecting moderate liquidity and leverage.

WSP Global Inc. (TSE:WSP - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as C$216.75 and last traded at C$217.90, with a volume of 238905 shares traded. The stock had previously closed at C$229.50.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. ATB Cormark Capital Markets boosted their price objective on WSP Global from C$305.00 to C$330.00 and gave the company an "outperform" rating in a report on Tuesday, December 23rd. National Bank Financial lifted their price target on WSP Global from C$301.00 to C$304.00 and gave the company an "outperform" rating in a research report on Tuesday, December 23rd. Royal Bank Of Canada lowered their price objective on WSP Global from C$318.00 to C$316.00 in a research report on Friday, November 7th. TD Securities lifted their target price on shares of WSP Global from C$330.00 to C$335.00 and gave the company a "buy" rating in a report on Tuesday, December 23rd. 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 company's stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of C$330.83.

WSP Global Stock Performance

The stock has a market cap of C$29.15 billion, a price-to-earnings ratio of 32.37, a P/E/G ratio of 1.09 and a beta of 0.47. The firm's 50-day moving average is C$254.27 and its two-hundred day moving average is C$264.12. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

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).

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