WSP Global (TSE:WSP) Stock Passes Below 200-Day Moving Average – Time to Sell?

WSP Global Inc. (TSE:WSP)’s share price passed 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 Ratings Changes

Several equities research analysts have commented on WSP shares. Scotiabank boosted their target price on WSP Global from C$281.00 to C$283.00 in a report on Wednesday, February 19th. Stifel Nicolaus raised their price objective on shares of WSP Global from C$295.00 to C$310.00 in a research note on Tuesday, February 18th. BMO Capital Markets boosted their price objective on shares of WSP Global from C$284.00 to C$294.00 in a report on Thursday, February 27th. UBS Group upped their price target on WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. Finally, CIBC increased their price objective on WSP Global from C$293.00 to C$295.00 in a research report on Friday, February 28th. One equities research analyst has rated the stock with a hold rating, eight 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 currently has a consensus rating of “Buy” and a consensus price target of C$284.85.

WSP Global Price Performance

The company has a market capitalization of C$32.12 billion, a P/E ratio of 47.58, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The company has a debt-to-equity ratio of 80.45, a current ratio of 1.26 and a quick ratio of 1.04. The firm’s 50-day moving average is C$249.98 and its 200-day moving average is C$245.85.

WSP Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 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 0.60%. The ex-dividend date of this dividend is Monday, March 31st. WSP Global’s payout ratio is 28.66%.

Insider Activity

In other WSP Global news, Director Macky Tall acquired 2,056 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was purchased 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).