WSP Global (TSE:WSP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

WSP Global Inc. (TSE:WSP)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$258.76 and traded as low as C$221.05. WSP Global shares last traded at C$222.05, with a volume of 410,375 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. Stifel Nicolaus decreased their price target on WSP Global from C$360.00 to C$320.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Desjardins raised their price target on WSP Global from C$346.00 to C$375.00 and gave the stock a “buy” rating in a research report on Tuesday, December 23rd. BMO Capital Markets boosted their price objective on WSP Global from C$335.00 to C$338.00 in a report on Monday, January 5th. Finally, ATB Cormark Capital Markets cut WSP Global from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, WSP Global has an average rating of “Buy” and an average price target of C$328.18.

WSP Global Stock Down 0.2%

The firm has a market cap of C$29.93 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 1.09 and a beta of 0.15. 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 business has a 50-day moving average price of C$248.02 and a two-hundred day moving average price of C$258.61.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, February 25th. The company reported C$2.65 earnings per share (EPS) for the quarter. WSP Global had a return on equity of 10.86% and a net margin of 5.27%.The firm had revenue of C$4.85 billion during the quarter. On average, equities research analysts expect that WSP Global Inc. will post 9.5687404 EPS for the current year.

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).