WSP Global (TSE:WSP) Share Price Crosses Above Fifty Day Moving Average – Should You Sell?

Shares of WSP Global Inc. (TSE:WSP) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$182.05 and traded as high as C$185.69. WSP Global shares last traded at C$182.85, with a volume of 681,639 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on WSP shares. Royal Bank Of Canada lifted their price target on shares of WSP Global from C$300.00 to C$304.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Scotia decreased their price objective on shares of WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating for the company in a research report on Monday, August 10th. National Bank Financial raised their target price on WSP Global from C$207.00 to C$219.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Desjardins dropped their target price on WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce cut their price target on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating on the stock in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of C$294.15.

WSP Global Trading Up 1.5%

The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47. The firm’s 50 day moving average is C$182.20 and its two-hundred day moving average is C$198.73. The stock has a market cap of C$24.46 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 1.09 and a beta of 0.30.

WSP Global (TSE:WSP) last posted 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 during the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%. Equities analysts anticipate that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

The business also recently disclosed 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 yield of 0.8%. The ex-dividend date was Tuesday, June 30th. WSP Global’s dividend payout ratio is presently 21.40%.

Insider Buying and Selling

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 cost of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the transaction, the director directly owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their ownership of the stock. 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).