WSP Global (TSE:WSP) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of WSP Global Inc. (TSE:WSP) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$245.68 and traded as low as C$243.03. WSP Global shares last traded at C$245.89, with a volume of 201,496 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WSP. Canaccord Genuity Group raised their price objective on shares of WSP Global from C$290.00 to C$305.00 in a research report on Friday, February 28th. BMO Capital Markets raised their price objective on shares of WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. Raymond James raised their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 30th. CIBC raised their price objective on shares of WSP Global from C$293.00 to C$295.00 in a research report on Friday, February 28th. Finally, Stifel Nicolaus raised their price objective on shares of WSP Global from C$295.00 to C$310.00 in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of C$284.85.

WSP Global Trading Down 1.4 %

The business’s 50 day simple moving average is C$249.91 and its two-hundred day simple moving average is C$245.68. The stock has a market cap of C$31.72 billion, a P/E ratio of 46.99, 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.

WSP Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be issued a $0.375 dividend. 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%.

Insider Activity at WSP Global

In other WSP Global news, Director Macky Tall bought 2,056 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of C$243.94 per share, with a total value of C$501,540.64. 0.06% of the stock is owned by company 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).