WSP Global (TSE:WSP) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of WSP Global Inc. (TSE:WSP) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$250.86 and traded as high as C$260.33. WSP Global shares last traded at C$258.85, with a volume of 229,154 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WSP. BMO Capital Markets boosted their price objective on shares of WSP Global from C$280.00 to C$284.00 in a research report on Tuesday, February 18th. TD Securities lifted their target price on shares of WSP Global from C$300.00 to C$305.00 and gave the company a “buy” rating in a research note on Friday, February 14th. CIBC lifted their target price on shares of WSP Global from C$278.00 to C$293.00 in a research note on Tuesday, February 18th. Raymond James lifted their target price on shares of WSP Global from C$270.00 to C$310.00 and gave the company a “strong-buy” rating in a research note on Thursday, January 30th. Finally, Scotiabank lifted their target price on shares of WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$281.91.

WSP Global Trading Up 0.6 %

The firm has a market capitalization of C$33.40 billion, a PE ratio of 49.46, 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. The stock’s fifty day simple moving average is C$251.10 and its 200 day simple moving average is C$243.00.

WSP Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.58%. WSP Global’s dividend payout ratio is currently 28.66%.

About WSP Global

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.