WSP Global (TSE:WSP) Stock Crosses Below Two Hundred Day Moving Average – Should You Sell?

Shares of WSP Global Inc. (TSE:WSP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$246.67 and traded as low as C$244.81. WSP Global shares last traded at C$246.59, with a volume of 161,131 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on WSP. Scotiabank lifted their price objective on WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. TD Securities boosted their price objective on WSP Global from C$300.00 to C$305.00 and gave the stock a “buy” rating in a report on Friday, February 14th. CIBC upped their price objective on shares of WSP Global from C$293.00 to C$295.00 in a research report on Friday, February 28th. Canaccord Genuity Group lifted their target price on shares of WSP Global from C$290.00 to C$305.00 in a research report on Friday, February 28th. Finally, Raymond James increased their price target on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$284.85.

WSP Global Trading Down 1.0 %

The firm’s 50-day simple moving average is C$250.62 and its 200-day simple moving average is C$246.67. The firm has a market capitalization of C$31.81 billion, a PE ratio of 47.12, a price-to-earnings-growth 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.

WSP Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.50 annualized dividend and a yield of 0.61%. WSP Global’s payout ratio is 28.66%.

Insiders Place Their Bets

In other news, Director Macky Tall purchased 2,056 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were acquired at an average price of C$243.94 per share, with a total value 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).