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

WSP Global Inc. (TSE:WSP)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$206.52 and traded as low as C$194.10. WSP Global shares last traded at C$196.50, with a volume of 519,051 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on WSP shares. Scotia lowered their price target on WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a report on Monday, August 10th. Scotiabank cut their price objective on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. National Bank Financial upped their price objective on WSP Global from C$207.00 to C$219.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Canadian Imperial Bank of Commerce lowered their target price on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a report on Wednesday, July 8th. Finally, Stifel Nicolaus dropped their target price on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and an average price target of C$294.15.

WSP Global Stock Performance

The business’s 50-day moving average price is C$178.95 and its 200-day moving average price is C$206.00. The company has a debt-to-equity ratio of 84.47, a quick ratio of 1.04 and a current ratio of 1.20. The stock has a market cap of C$26.36 billion, a P/E ratio of 27.90, a P/E/G ratio of 1.09 and a beta of 0.19.

WSP Global (TSE:WSP) last announced its earnings results on Wednesday, August 5th. The company reported C$2.88 EPS for the quarter. The company had revenue of C$5.40 billion for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%. As a group, sell-side analysts expect that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. WSP Global’s dividend payout ratio (DPR) is 21.40%.

Insider Buying and Selling at WSP Global

In related news, Director Pascale Sourisse acquired 364 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was bought at an average cost of C$172.02 per share, for a total transaction of C$62,615.28. Following the purchase, the director owned 888 shares in the company, valued at C$152,753.76. The trade was a 69.47% increase in their position. 0.06% of the stock is currently 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).