WSP Global (TSE:WSP) Stock Crosses Below Two Hundred 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 Wednesday. The stock has a two hundred day moving average of C$190.26 and traded as low as C$160.02. WSP Global shares last traded at C$161.64, with a volume of 540,334 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on WSP. Scotiabank decreased their price target on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a report on Friday, July 10th. Scotia dropped their price objective on shares of WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a report on Monday, August 10th. TD dropped their price objective on shares of WSP Global from C$307.00 to C$255.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. ATB Cormark Capital Markets lowered their price target on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on WSP Global from C$318.00 to C$266.00 and set an “outperformer” rating for the company in a research note on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating and twelve have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$289.62.

WSP Global Price Performance

The stock has a market cap of C$22.41 billion, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.09 and a beta of 0.40. The stock’s 50 day moving average price is C$181.86 and its two-hundred day moving average price is C$189.92. The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47.

WSP Global (TSE:WSP) last posted its quarterly 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 for the quarter. WSP Global had a net margin of 4.81% and a return on equity of 9.52%. Equities research analysts forecast that WSP Global Inc. will post 9.57 EPS 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).