WSP Global (OTCMKTS:WSPOF) Sets New 12-Month Low – Should You Sell?

WSP Global Inc. (OTCMKTS:WSPOF) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $134.0920 and last traded at $134.0920, with a volume of 650 shares trading hands. The stock had previously closed at $137.1835.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Scotiabank reiterated an “outperform” rating on shares of WSP Global in a research note on Monday, April 13th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, WSP Global currently has an average rating of “Buy”.

WSP Global Price Performance

The firm has a 50 day moving average of $156.63 and a 200-day moving average of $171.28.

WSP Global (OTCMKTS:WSPOF) last posted its earnings results on Wednesday, May 6th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.13. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.65 billion.

About WSP Global

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.