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

WSP Global Inc. (TSE:WSP)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$243.52 and traded as low as C$221.06. WSP Global shares last traded at C$224.18, with a volume of 584,418 shares traded.

Key WSP Global News

Here are the key news stories impacting WSP Global this week:

• Positive Sentiment: National Bank Financial raised its price target on WSP Global and reaffirmed an “outperform” view, signaling continued confidence in upside potential. BayStreet.CA analyst update
• Positive Sentiment: Desjardins, Canaccord Genuity, and ATB Cormark all kept bullish ratings on WSP Global despite modestly lower targets, suggesting analysts still see meaningful upside from current levels. BayStreet.CA analyst updates
• Positive Sentiment: Recent coverage highlighted growth drivers in power generation and AI-related work, which could support future revenue and margin expansion. Yahoo Finance article
• Neutral Sentiment: WSP Global announced the results of its annual meeting of shareholders, a routine corporate update with limited immediate stock impact. Annual meeting results
• Neutral Sentiment: The company declared a CAD 0.375 dividend, which is supportive for income investors but not a major catalyst for the shares. Dividend announcement
• Negative Sentiment: Several major brokerages, including BMO Capital Markets, CIBC, and Canaccord, lowered their price targets, which can weigh on sentiment even though their ratings remained positive. BayStreet.CA analyst updates
• Negative Sentiment: WSP’s latest quarterly earnings were described as flat year over year, suggesting growth may be moderating after a strong run. First-quarter earnings report

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WSP. ATB Cormark Capital Markets cut their price target on shares of WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a report on Friday. Scotiabank raised their target price on WSP Global from C$284.00 to C$286.00 and gave the stock an “outperform” rating in a research report on Monday, April 13th. Stifel Nicolaus cut their target price 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. BMO Capital Markets reduced their price target on WSP Global from C$334.00 to C$305.00 in a research report on Friday. Finally, Canadian Imperial Bank of Commerce decreased their price target on WSP Global from C$328.00 to C$318.00 in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the company. According to data from MarketBeat.com, WSP Global currently has a consensus rating of “Buy” and a consensus target price of C$313.42.

WSP Global Stock Performance

The stock has a market capitalization of C$29.06 billion, a price-to-earnings ratio of 29.40, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28. The company has a 50 day simple moving average of C$224.11 and a 200-day simple moving average of C$243.52. The company has a quick ratio of 1.04, a current ratio of 1.19 and a debt-to-equity ratio of 87.04.

WSP Global (TSE:WSP) last announced its quarterly earnings data 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 company had revenue of C$4.55 billion during the quarter. As a group, equities research analysts expect that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 31st. WSP Global’s payout ratio is 20.46%.

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).