WSP Global (TSE:WSP) Stock Crosses Above 50-Day Moving Average - Here's What Happened

WSP Global Inc. (TSE:WSP - Get Free Report)'s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$247.50 and traded as high as C$273.27. WSP Global shares last traded at C$272.65, with a volume of 152,551 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of WSP Global from C$310.00 to C$300.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. BMO Capital Markets increased their price target on shares of WSP Global from C$284.00 to C$294.00 in a research note on Thursday, February 27th. Scotiabank increased their price target on shares of WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. TD Securities increased their price target on shares of WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a research note on Monday, May 12th. Finally, Canaccord Genuity Group dropped their price target on shares of WSP Global from C$305.00 to C$300.00 in a research note on Thursday, April 10th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of C$283.92.

WSP Global Trading Up 0.6%

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 has a market capitalization of C$35.18 billion, a PE ratio of 52.10, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The business's 50-day moving average price is C$247.50 and its 200-day moving average price is C$248.76.

WSP Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.55%. WSP Global's dividend payout ratio (DPR) is presently 28.66%.

Insider Transactions at WSP Global

In other news, Director Macky Tall acquired 2,056 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. Insiders own 0.06% of the company's stock.

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).

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