WSP Global (TSE:WSP) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of WSP Global Inc. (TSE:WSP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$229.78 and traded as low as C$179.77. WSP Global shares last traded at C$181.46, with a volume of 412,122 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on WSP shares. ATB Cormark Capital Markets cut their price objective on WSP Global from C$335.00 to C$330.00 and set an “outperform” rating on the stock in a research note on Friday, May 8th. TD Securities dropped their price target on WSP Global from C$335.00 to C$311.00 and set a “buy” rating on the stock in a research report on Tuesday, February 24th. Desjardins dropped their price target on WSP Global from C$375.00 to C$372.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada upped their price target on WSP Global from C$316.00 to C$325.00 in a research report on Friday, February 27th. Finally, National Bank Financial upped their price target on WSP Global from C$268.00 to C$272.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, WSP Global has an average rating of “Buy” and a consensus price target of C$313.42.

WSP Global Price Performance

The company has a current ratio of 1.19, a quick ratio of 1.04 and a debt-to-equity ratio of 87.04. The business has a 50-day moving average price of C$206.13 and a two-hundred day moving average price of C$229.78. The firm has a market capitalization of C$24.46 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 1.09 and a beta of 0.20.

WSP Global (TSE:WSP) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C$2.21 earnings per share for the quarter. The business had revenue of C$4.55 billion for the quarter. WSP Global had a return on equity of 10.39% and a net margin of 5.23%. As a group, research analysts forecast that WSP Global Inc. will post 9.5687404 EPS for the current year.

WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Tuesday, June 30th. WSP Global’s dividend payout ratio is presently 20.46%.

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).