WSP Global (TSE:WSP) Stock Crosses Below Fifty Day Moving Average of $73.24
WSP Global Inc (TSE:WSP)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $73.24 and traded as low as $70.85. WSP Global shares last traded at $72.15, with a volume of 51,274 shares changing hands.
Several analysts have recently issued reports on the company. CIBC upped their price objective on WSP Global from C$81.00 to C$84.00 in a research report on Friday, August 9th. Raymond James restated an “outperform” rating and issued a C$86.00 price objective on shares of WSP Global in a research report on Friday, August 9th. TD Securities upped their price objective on WSP Global from C$84.00 to C$86.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Royal Bank of Canada upped their price objective on WSP Global from C$87.00 to C$88.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Finally, National Bank Financial upgraded WSP Global from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$75.00 to C$79.00 in a research report on Wednesday, May 15th. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of C$81.69.
The stock has a market capitalization of $7.50 billion and a price-to-earnings ratio of 26.54. The company has a 50 day moving average of C$73.22 and a 200 day moving average of C$71.70. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 84.39.
About WSP Global (TSE:WSP)
WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, Asia, New Zealand, and internationally. The company advises, plans, designs, and manages projects for rail transit, aviation, highway, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and partners.
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