WSP Global (TSE:WSP) Shares Cross Above 50 Day Moving Average - What's Next?

Key Points

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WSP Global Inc. (TSE:WSP - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$279.55 and traded as high as C$280.07. WSP Global shares last traded at C$279.33, with a volume of 138,985 shares traded.

Wall Street Analyst Weigh In

A number of research firms recently commented on WSP. Royal Bank Of Canada boosted their price objective on shares of WSP Global from C$289.00 to C$293.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Stifel Nicolaus upped their price target on WSP Global from C$305.00 to C$317.00 in a report on Wednesday, July 16th. Desjardins raised their price objective on WSP Global from C$301.00 to C$313.00 and gave the company a "buy" rating in a research note on Friday, August 8th. National Bankshares raised their price target on WSP Global from C$292.00 to C$297.00 in a research report on Friday, August 8th. Finally, TD Securities lifted their price target on WSP Global from C$298.00 to C$307.00 and gave the stock a "buy" rating in a research note on Monday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of C$304.69.

WSP Global Stock Up 1.1%

The stock has a market cap of C$36.88 billion, a price-to-earnings ratio of 54.63, a PEG ratio of 1.09 and a beta of 0.82. The company has a quick ratio of 1.04, a current ratio of 1.26 and a debt-to-equity ratio of 80.45. The stock has a fifty day moving average of C$280.06 and a two-hundred day moving average of C$263.14.

WSP Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, June 30th. WSP Global's payout ratio is currently 28.66%.

Insider Activity at WSP Global

In other news, Senior Officer Mark Naysmith sold 6,715 shares of the firm's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of C$281.34, for a total value of C$1,889,184.67. Corporate insiders own 0.06% of the company's stock.

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).