WSP Global (TSE:WSP) Shares Cross Below 200-Day Moving Average – Time to Sell?

WSP Global Inc. (TSE:WSP)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$243.52 and traded as low as C$221.06. WSP Global shares last traded at C$224.18, with a volume of 584,418 shares changing hands.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. National Bank Financial cut their price target on WSP Global from C$309.00 to C$268.00 and set an “outperform” rating for the company in a report on Wednesday, April 8th. Scotiabank raised their price objective on shares of WSP Global from C$284.00 to C$286.00 and gave the company an “outperform” rating in a research report on Monday, April 13th. Stifel Nicolaus dropped their target price on shares of WSP Global from C$320.00 to C$280.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. TD reduced their target price on shares of WSP Global from C$308.00 to C$307.00 and set a “buy” rating on the stock in a research report on Tuesday, April 28th. Finally, TD Securities decreased their price target on shares of WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a research note on Tuesday, February 24th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$318.58.

WSP Global Trading Down 0.7%

The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38. The company has a market cap of C$30.22 billion, a P/E ratio of 30.46, a P/E/G ratio of 1.09 and a beta of 0.28. The business has a 50-day moving average price of C$224.11 and a two-hundred day moving average price of C$243.52.

WSP Global (TSE:WSP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business had revenue of C$4.55 billion for the quarter. WSP Global had a return on equity of 10.86% and a net margin of 5.27%. On average, analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 31st. WSP Global’s dividend payout ratio (DPR) is 20.38%.

WSP Global Company Profile

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).