WSP Global (TSE:WSP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of WSP Global Inc. (TSE:WSP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$201.23 and traded as low as C$187.06. WSP Global shares last traded at C$188.25, with a volume of 458,515 shares changing hands.

Analyst Ratings Changes

Several research analysts recently weighed in on WSP shares. National Bank Financial boosted their price target on shares of WSP Global from C$207.00 to C$219.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Canaccord Genuity Group decreased their price objective on shares of WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a research note on Friday, May 8th. TD dropped their target price on shares of WSP Global from C$307.00 to C$255.00 and set a “buy” rating on the stock in a research report on Tuesday, July 28th. BMO Capital Markets boosted their target price on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. Finally, ATB Cormark Capital Markets reduced their target price on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$294.15.

WSP Global Price Performance

The firm has a market cap of C$24.80 billion, a PE ratio of 26.25, a P/E/G ratio of 1.09 and a beta of 0.19. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04. The business’s fifty day moving average is C$181.12 and its 200-day moving average is C$200.74.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The firm had revenue of C$5.40 billion during the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. On average, research analysts predict that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. WSP Global’s dividend payout ratio is presently 21.40%.

Insider Transactions at WSP Global

In related news, Director Pascale Sourisse bought 364 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were purchased at an average price of C$172.02 per share, for a total transaction of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares in the company, valued at approximately C$152,753.76. The trade was a 69.47% increase in their position. 0.06% of the stock is owned by insiders.

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).