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WSP Global (TSE:WSP) Shares Cross Below 200-Day Moving Average - Time to Sell?

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WSP Global Inc. (TSE:WSP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$243.52 and traded as low as C$221.06. WSP Global shares last traded at C$224.18, with a volume of 584,418 shares.

Analyst Ratings Changes

A number of brokerages have commented on WSP. National Bank Financial cut their price target on shares of WSP Global from C$309.00 to C$268.00 and set an "outperform" rating for the company in a research note on Wednesday, April 8th. Scotiabank increased their target price on WSP Global from C$284.00 to C$286.00 and gave the stock an "outperform" rating in a report on Monday, April 13th. Canadian Imperial Bank of Commerce cut their target price on WSP Global from C$343.00 to C$328.00 in a research report on Thursday, April 9th. TD Securities decreased their price target on WSP Global from C$335.00 to C$311.00 and set a "buy" rating on the stock in a research note on Tuesday, February 24th. Finally, ATB Cormark Capital Markets cut WSP Global from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, February 20th. One investment analyst has rated the stock with a Strong Buy rating and ten have issued a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of C$318.58.

Check Out Our Latest Report on WSP Global

WSP Global Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.27 and a debt-to-equity ratio of 59.38. The stock has a market capitalization of C$30.22 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 1.09 and a beta of 0.28. The stock's 50-day simple moving average is C$224.11 and its 200 day simple moving average is C$243.52.

WSP Global (TSE:WSP - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. WSP Global had a net margin of 5.27% and a return on equity of 10.86%. The company had revenue of C$4.55 billion during the quarter. Analysts expect that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

WSP Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th were issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, March 31st. WSP Global's dividend payout ratio (DPR) is currently 20.38%.

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).

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