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

WSP Global Inc. (TSE:WSP) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$183.03 and traded as low as C$177.17. WSP Global shares last traded at C$180.80, with a volume of 216,531 shares.

Analyst Upgrades and Downgrades

WSP has been the topic of several research analyst reports. Scotia reduced their price target on shares of WSP Global from C$281.00 to C$279.00 and set a “sector outperform” rating on the stock in a research report on Monday, August 10th. ATB Cormark Capital Markets cut their price objective on WSP Global from C$330.00 to C$325.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Scotiabank reduced their target price on WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating on the stock in a report on Friday, July 10th. BMO Capital Markets lifted their target price on WSP Global from C$272.00 to C$280.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Finally, Desjardins dropped their price target on WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and twelve have given a Buy rating to the company’s stock. According to MarketBeat, WSP Global presently has a consensus rating of “Buy” and a consensus price target of C$294.15.

WSP Global Stock Performance

The company has a market capitalization of C$24.92 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 1.09 and a beta of 0.30. The stock has a 50 day simple moving average of C$183.62 and a 200 day simple moving average of C$195.86. 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 announced its quarterly earnings results on Wednesday, August 5th. The company reported C$2.88 earnings per share for the quarter. WSP Global had a return on equity of 9.52% and a net margin of 4.81%.The business had revenue of C$5.40 billion for the quarter. As a group, analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 15th were given a $0.375 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.50 annualized dividend and a yield of 0.8%. WSP Global’s dividend payout ratio (DPR) is currently 21.40%.

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).