WSP Global (TSE:WSP) Share Price Passes Below 200 Day Moving Average – What’s Next?

WSP Global Inc. (TSE:WSP)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$229.78 and traded as low as C$179.77. WSP Global shares last traded at C$181.46, with a volume of 412,122 shares traded.

Analysts Set New Price Targets

A number of research firms recently commented on WSP. Canaccord Genuity Group reduced their target price on WSP Global from C$345.00 to C$315.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. TD dropped their price target on WSP Global from C$308.00 to C$307.00 and set a “buy” rating for the company in a research note on Tuesday, April 28th. Scotiabank increased their price objective on 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 decreased their price objective on WSP Global from C$320.00 to C$280.00 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, BMO Capital Markets decreased their price objective on WSP Global from C$334.00 to C$305.00 in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$313.42.

WSP Global Price Performance

The company has a debt-to-equity ratio of 87.04, a current ratio of 1.19 and a quick ratio of 1.04. The firm has a market capitalization of C$23.67 billion, a P/E ratio of 23.95, a P/E/G ratio of 1.09 and a beta of 0.20. The firm’s 50 day simple moving average is C$204.46 and its two-hundred day simple moving average is C$228.82.

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. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. The business had revenue of C$4.55 billion during the quarter. As a group, analysts predict that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Wednesday, July 15th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.50 annualized dividend and a yield of 0.9%. WSP Global’s dividend payout ratio is currently 20.46%.

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).