WSP Global Inc. (TSE:WSP - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$211.38 and traded as low as C$174.74. WSP Global shares last traded at C$180.71, with a volume of 625,584 shares traded.
Wall Street Analyst Weigh In
WSP has been the topic of several analyst reports. ATB Cormark Capital Markets dropped their target price on shares of WSP Global from C$335.00 to C$330.00 and set an "outperform" rating on the stock in a research report on Friday, May 8th. Scotiabank decreased 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 note on Friday, July 10th. Canaccord Genuity Group decreased their price objective on shares of WSP Global from C$345.00 to C$315.00 and set a "buy" rating for the company in a research note on Friday, May 8th. 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, Canadian Imperial Bank of Commerce cut their target price on shares of WSP Global from C$318.00 to C$266.00 and set an "outperformer" rating on the stock in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of C$296.17.
Check Out Our Latest Analysis on WSP
WSP Global Stock Up 5.5%
The company has a market cap of C$24.36 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 1.09 and a beta of 0.20. The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. The business has a fifty day moving average price of C$177.89 and a two-hundred day moving average price of C$211.38.
WSP Global (TSE:WSP - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share (EPS) for the quarter. The business had revenue of C$4.55 billion during the quarter. WSP Global had a net margin of 5.23% and a return on equity of 10.39%. On average, equities analysts predict that WSP Global Inc. will post 9.5687404 earnings per share for the current 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 was Tuesday, June 30th. This represents a $1.50 dividend on an annualized basis and a yield of 0.8%. WSP Global's dividend payout ratio is presently 20.46%.
Insider Activity
In related news, Director Pascale Sourisse bought 364 shares of the firm's stock in a transaction on Wednesday, June 24th. The stock was bought at an average price of C$172.02 per share, with a total value of C$62,615.28. Following the purchase, the director directly owned 888 shares of the company's stock, valued at approximately C$152,753.76. This represents a 69.47% increase in their position. 0.06% of the stock is owned by company insiders.
WSP Global Company Profile
(
Get Free Report)
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).
See Also
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