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

WSP Global Inc. (TSE:WSP - Get Free Report)'s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$278.64 and traded as high as C$289.12. WSP Global shares last traded at C$287.05, with a volume of 114,260 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. TD Securities raised their price objective on WSP Global from C$298.00 to C$307.00 and gave the company a "buy" rating in a research report on Monday, May 12th. BMO Capital Markets raised their price objective on WSP Global from C$298.00 to C$312.00 in a research report on Tuesday, July 22nd. CIBC raised their price objective on WSP Global from C$305.00 to C$317.00 in a research report on Friday, July 18th. Canaccord Genuity Group raised their price objective on WSP Global from C$305.00 to C$335.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, 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. One analyst has rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$290.92.

WSP Global Trading Down 0.6%

The stock has a 50-day simple moving average of C$278.64 and a two-hundred day simple moving average of C$259.47. The firm has a market cap of C$36.82 billion, a PE ratio of 54.54, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

WSP Global Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.53%. WSP Global's dividend payout ratio is currently 28.66%.

Insider Activity

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of C$281.34, for a total transaction of C$1,889,184.67. 0.06% of the stock is currently owned by corporate insiders.

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).