How Analysts Feel About WSP Global Inc After Reaching 52-Week High?

 How Analysts Feel About WSP Global Inc After Reaching 52 Week High?

The stock of WSP Global Inc (TSE:WSP) hit a new 52-week high and has $51.23 target or 7.00% above today’s $47.88 share price. The 5 months bullish chart indicates low risk for the $4.83B company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $51.23 price target is reached, the company will be worth $338.10M 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 94,484 shares traded hands. WSP Global Inc (TSE:WSP) has risen 19.11% since April 21, 2016 and is uptrending. It has outperformed by 13.70% 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 $48.13 average target is 0.52% above today’s ($47.88) stock price. WSP Global Inc has been the topic of 30 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, September 21 the stock rating was maintained by TD Securities with “Buy”. The stock has “Buy” rating given by Desjardins Securities on Thursday, September 17. Scotia Capital maintained WSP Global Inc (TSE:WSP) on Friday, October 30 with “Sector Outperform” rating. The company was maintained on Thursday, August 6 by TD Securities. The rating was maintained by Scotia Capital with “Outperform” on Wednesday, November 9. The stock has “Outperform” rating given by RBC Capital Markets on Monday, September 19. National Bank Canada maintained the shares of WSP in a report on Monday, May 2 with “Outperform” rating. The company was downgraded on Wednesday, May 11 by IBC. National Bank Canada maintained it with “Outperform” rating and $51 target price in Thursday, November 26 report.

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

WSP Global Inc. is a professional services company. The company has a market cap of $4.83 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 30.44 P/E ratio. It offers services in project delivery and consulting.

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