WSP Global (TSE:WSP) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

WSP Global Inc. (TSE:WSP) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$264.77 and traded as low as C$222.47. WSP Global shares last traded at C$227.02, with a volume of 408,298 shares.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Canadian Imperial Bank of Commerce decreased their price objective on WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. ATB Cormark Capital Markets raised their price objective on shares of WSP Global from C$305.00 to C$330.00 and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Desjardins boosted their target price on shares of WSP Global from C$346.00 to C$375.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. National Bank Financial increased their target price on WSP Global from C$301.00 to C$304.00 and gave the company an “outperform” rating in a report on Tuesday, December 23rd. Finally, Royal Bank Of Canada cut their price target on WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of C$330.83.

WSP Global Stock Performance

The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The firm’s fifty day moving average price is C$254.50 and its 200-day moving average price is C$264.77. The firm has a market cap of C$30.60 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 1.09 and a beta of 0.47.

About WSP Global

WSP Global Inc provides engineering and design services to clients in the Transportation & Infrastructure, Property and Buildings, Environment, Power and Energy, Resources, and Industry sectors. It also offers strategic advisory services. The firm operates through four reportable segments namely, Canada, Americas ( US and Latin America), EMEIA (Europe, Middle East, India and Africa), and APAC (Asia Pacific, comprising Australia, New Zealand and Asia).