WSP Global (OTCMKTS:WSPOF) Reaches New 1-Year Low – Should You Sell?

Shares of WSP Global Inc. (OTCMKTS:WSPOF) hit a new 52-week low on Tuesday . The stock traded as low as $150.2640 and last traded at $151.0060, with a volume of 193 shares traded. The stock had previously closed at $155.5120.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of WSP Global in a report on Friday. Scotiabank reissued an “outperform” rating on shares of WSP Global in a research report on Monday, April 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

WSP Global Price Performance

The stock has a fifty day moving average price of $162.67 and a 200-day moving average price of $175.67.

WSP Global (OTCMKTS:WSPOF) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $1.61 earnings per share for the quarter, beating 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.

WSP Global Company Profile

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.