WSP Global (TSE:WSP) Stock Price Crosses Above Fifty Day Moving Average – Time to Sell?

Shares of WSP Global Inc. (TSE:WSP) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$247.90 and traded as high as C$252.23. WSP Global shares last traded at C$250.57, with a volume of 917,331 shares traded.

Analyst Upgrades and Downgrades

WSP has been the subject of a number of recent analyst reports. Royal Bank of Canada boosted their target price on shares of WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. Stifel Nicolaus boosted their price objective on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. CIBC raised their target price on shares of WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. Canaccord Genuity Group boosted their price target on WSP Global from C$260.00 to C$275.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, BMO Capital Markets raised their price objective on WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$268.27.

WSP Global Price Performance

The firm has a market capitalization of C$31.24 billion, a PE ratio of 52.42, a P/E/G ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 71.81, a quick ratio of 1.04 and a current ratio of 1.13. The stock has a fifty day moving average price of C$247.90 and a 200-day moving average price of C$230.93.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$2.24. The company had revenue of C$3 billion for the quarter, compared to analyst estimates of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. Sell-side analysts forecast that WSP Global Inc. will post 9.5687404 EPS for the current fiscal year.

WSP Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.50 annualized dividend and a dividend yield of 0.60%. WSP Global’s dividend payout ratio (DPR) is presently 31.38%.

WSP Global Company Profile

WSP Global Inc operates as a professional services consulting firm in the United States, Canada, the United Kingdom, Sweden, Australia, and internationally. It advises, plans, designs, and manages projects for rail, transit, aviation, highways, bridges, tunnels, water, maritime, and urban infrastructure for public and private clients, construction contractors, and other partners.