WSP Global (TSE:WSP) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

WSP Global Inc. (TSE:WSP) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$211.38 and traded as low as C$174.74. WSP Global shares last traded at C$180.71, with a volume of 625,584 shares trading hands.

Analyst Upgrades and Downgrades

WSP has been the topic of several research reports. Canadian Imperial Bank of Commerce dropped their target price on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research report on Wednesday, July 8th. Canaccord Genuity Group reduced their price target on WSP Global from C$345.00 to C$315.00 and set a “buy” rating for the company in a report on Friday, May 8th. ATB Cormark Capital Markets lowered their price target on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a research note on Friday, May 8th. Scotiabank dropped their price objective on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. Finally, National Bank Financial dropped their price objective on WSP Global from C$272.00 to C$207.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$296.17.

WSP Global Stock Up 5.5%

The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. The business’s fifty day moving average price is C$177.89 and its two-hundred day moving average price is C$211.38. The firm has a market cap of C$24.36 billion, a P/E ratio of 24.65, a P/E/G ratio of 1.09 and a beta of 0.20.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, May 6th. The company reported C$2.21 EPS for the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. The firm had revenue of C$4.55 billion for the quarter. As a group, equities research analysts anticipate that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, June 30th. WSP Global’s dividend payout ratio is 20.46%.

Insider Activity 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 shares were acquired at an average cost of C$172.02 per share, with a total value of C$62,615.28. Following the purchase, the director owned 888 shares of the company’s stock, valued at approximately C$152,753.76. The trade was a 69.47% increase in their ownership of the stock. Corporate insiders own 0.06% of the company’s stock.

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).