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

WSP Global Inc. (TSE:WSP - Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$255.13 and traded as high as C$278.00. WSP Global shares last traded at C$277.27, with a volume of 258,577 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WSP shares. Stifel Nicolaus dropped their price target on WSP Global from C$310.00 to C$300.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. UBS Group increased their price objective on shares of WSP Global from C$274.00 to C$285.00 in a research note on Wednesday, March 5th. CIBC raised their target price on shares of WSP Global from C$295.00 to C$296.00 in a report on Thursday, April 17th. BMO Capital Markets upped their price target on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. Finally, 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 report on Monday, May 12th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$283.92.

WSP Global Price Performance

The company has a market capitalization of C$35.80 billion, a PE ratio of 53.03, 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. The company's 50 day moving average price is C$255.76 and its 200-day moving average price is C$251.68.

WSP Global Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were issued a $0.375 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.54%. WSP Global's payout ratio is 28.66%.

Insider Buying and Selling at WSP Global

In other WSP Global news, Senior Officer Mark Naysmith sold 6,715 shares of the firm's stock in a transaction dated 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. 0.06% of the stock is currently owned by corporate insiders.

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).