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

Shares of WSP Global Inc. (TSE:WSP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Canaccord Genuity Group dropped their target price on shares of 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. Desjardins set a C$372.00 price target on WSP Global and gave the stock a “buy” rating in a research note on Thursday, July 16th. Stifel Nicolaus lowered their price target 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. Scotiabank dropped their price objective on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a research note on Friday, July 10th. Finally, ATB Cormark Capital Markets reduced their price objective on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and eleven have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$296.83.

WSP Global Trading Up 6.3%

The stock has a market cap of C$25.96 billion, a PE ratio of 26.27, a PEG ratio of 1.09 and a beta of 0.19. The business has a 50-day moving average of C$177.73 and a 200 day moving average of C$210.19. The company has a debt-to-equity ratio of 87.04, a quick ratio of 1.04 and a current ratio of 1.19.

WSP Global (TSE:WSP) last released its earnings results on Wednesday, August 5th. The company reported C$2.88 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 company had revenue of C$5.40 billion for the quarter. Equities research analysts predict that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

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

Insider Activity

In other news, Director Pascale Sourisse acquired 364 shares of WSP Global stock in a transaction that occurred on Wednesday, June 24th. The shares were acquired at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the completion of the purchase, the director owned 888 shares of the company’s stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their position. Insiders own 0.06% of the company’s stock.

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).