WSP Global (TSE:WSP) Shares Pass Above 50 Day Moving Average - Should You Sell?

Key Points

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WSP Global Inc. (TSE:WSP - Get Free Report) 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

WSP has been the topic of several research analyst reports. National Bankshares raised their target price on WSP Global from C$292.00 to C$297.00 in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on WSP Global from C$289.00 to C$293.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. ATB Capital lifted their price target on WSP Global from C$270.00 to C$305.00 and gave the stock a "sector perform" rating in a research report on Friday, August 8th. Stifel Nicolaus lifted their price target on WSP Global from C$305.00 to C$317.00 in a research report on Wednesday, July 16th. Finally, Canaccord Genuity Group lifted their price target on WSP Global from C$305.00 to C$335.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, WSP Global currently has an average rating of "Buy" and an average price target of C$304.69.

WSP Global Stock Performance

The stock's 50 day moving average is C$280.35 and its two-hundred day moving average is C$263.61. 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 current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

WSP Global Announces Dividend

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

Insider Buying and Selling at WSP Global

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of WSP Global stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of C$281.34, for a total value of C$1,889,184.67. Company 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).