WSP Global (TSE:WSP) Stock Breaks Below 200-Day Moving Average – Should You Sell?

WSP Global Inc. (TSE:WSP) passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$188.26 and traded as low as C$173.70. WSP Global shares last traded at C$182.75, with a volume of 1,015,604 shares trading hands.

Analyst Upgrades and Downgrades

WSP has been the topic of a number of analyst reports. Scotiabank dropped their price target on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a research report on Friday, July 10th. National Bank Financial dropped their price target on shares of WSP Global from C$219.00 to C$216.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 30th. Stifel Nicolaus cut their price objective on shares of WSP Global from C$280.00 to C$230.00 and set a “buy” rating on the stock in a research report on Wednesday, September 30th. Scotia reduced 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 note on Monday, August 10th. Finally, Desjardins decreased their target price on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating for the company in a report on Friday, August 7th. One equities 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 data from MarketBeat, WSP Global presently has an average rating of “Buy” and an average price target of C$289.62.

WSP Global Price Performance

The firm has a 50-day moving average of C$179.38 and a 200 day moving average of C$188.23. The company has a market capitalization of C$24.78 billion, a PE ratio of 26.22, a PEG ratio of 1.09 and a beta of 0.40. The company has a debt-to-equity ratio of 84.47, a current ratio of 1.20 and a quick ratio of 1.04.

WSP Global (TSE:WSP) last issued its earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. The business 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%. As a group, research analysts anticipate that WSP Global Inc. will post 9.57 earnings per share for the current fiscal 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).