Could WSP Global Inc Lose its Strength? The Stock Reaches 52-Week High

 Could WSP Global Inc Lose its Strength? The Stock Reaches 52 Week High

The stock of WSP Global Inc (TSE:WSP) hit a new 52-week high and has $76.15 target or 63.00% above today’s $46.72 share price. The 9 months bullish chart indicates low risk for the $4.75B company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $76.15 price target is reached, the company will be worth $2.99B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 7,853 shares traded hands. WSP Global Inc (TSE:WSP) has risen 23.22% since April 11, 2016 and is uptrending. It has outperformed by 19.30% the S&P500.

WSP Global Inc (TSE:WSP) Ratings Coverage

Out of 7 analysts covering WSP Global Inc (TSE:WSP), 6 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 86% are positive. $55 is the highest target while $40 is the lowest. The $47.96 average target is 2.65% above today’s ($46.72) stock price. WSP Global Inc has been the topic of 29 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Monday, September 19. As per Thursday, November 26, the company rating was maintained by National Bank Canada. TD Securities maintained the shares of WSP in a report on Thursday, August 6 with “Buy” rating. As per Friday, October 30, the company rating was maintained by Scotia Capital. The stock of WSP Global Inc (TSE:WSP) has “Sector Perform” rating given on Wednesday, May 11 by IBC. The rating was maintained by National Bank Canada with “Outperform” on Monday, May 2. The firm earned “Buy” rating on Wednesday, September 21 by TD Securities. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, November 9. On Thursday, September 17 the stock rating was initiated by Desjardins Securities with “Buy”.

More news for WSP Global Inc (TSE:WSP) were recently published by: Reuters.com, which released: “BRIEF-WSP Global Inc reports Q3 2016 financial results” on November 08, 2016. Theglobeandmail.com‘s article titled: “The Globe and Mail” and published on January 02, 2014 is yet another important article.

WSP Global Inc. is a professional services company. The company has a market cap of $4.75 billion. The Company’s divisions are Canada, Americas , EMEIA (Europe, Middle East, India and Africa) and APAC (Asia Pacific, including primarily Asia and Australia). It has a 29.7 P/E ratio. It offers services in project delivery and consulting.

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