WSP Global (TSE:WSP) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

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$245.68 and traded as low as C$243.03. WSP Global shares last traded at C$245.89, with a volume of 201,496 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WSP shares. CIBC lifted their price target on WSP Global from C$293.00 to C$295.00 in a research report on Friday, February 28th. Stifel Nicolaus lifted their target price on shares of WSP Global from C$295.00 to C$310.00 in a research report on Tuesday, February 18th. Canaccord Genuity Group raised their price objective on shares of WSP Global from C$290.00 to C$305.00 in a research report on Friday, February 28th. TD Securities lifted their price objective on shares of WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, BMO Capital Markets lifted their price target on WSP Global from C$284.00 to C$294.00 in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$284.85.

WSP Global Trading Down 0.3 %

The company has a market capitalization of C$32.12 billion, a PE ratio of 47.58, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The firm’s 50 day moving average is C$249.98 and its 200 day moving average is C$245.85.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a $0.375 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.60%. WSP Global’s payout ratio is presently 28.66%.

Insider Activity at WSP Global

In related news, Director Macky Tall acquired 2,056 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. 0.06% of the stock is owned by company insiders.

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).