WSP Global (TSE:WSP) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Shares of WSP Global Inc. (TSE:WSP) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank cut their price objective on shares of WSP Global from C$286.00 to C$281.00 and set a “sector outperform” rating for the company in a research report on Friday, July 10th. ATB Cormark Capital Markets reduced their target price 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. Desjardins lowered their target price on shares of WSP Global from C$372.00 to C$369.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD lowered 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 research report on Tuesday, July 28th. Finally, Stifel Nicolaus dropped their price target on WSP Global from C$280.00 to C$230.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. One investment analyst has rated the stock with a Strong Buy rating and twelve have assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$289.62.

WSP Global Trading Up 4.9%

The company has a quick ratio of 1.04, a current ratio of 1.20 and a debt-to-equity ratio of 84.47. The company has a market capitalization of C$24.64 billion, a PE ratio of 26.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.40. The stock’s fifty day moving average price is C$179.62 and its two-hundred day moving average price is C$188.26.

WSP Global (TSE:WSP) last issued its quarterly earnings data 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 firm had revenue of C$5.40 billion for the quarter. Sell-side analysts anticipate that WSP Global Inc. will post 9.57 earnings per share for the current year.

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).