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WSP Global (TSE:WSP) Share Price Passes Above 50-Day Moving Average - Time to Sell?

WSP Global logo with Industrials background

Shares of WSP Global Inc. (TSE:WSP - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Royal Bank of Canada upped their target price on WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. CIBC raised their price objective on shares of WSP Global from C$264.00 to C$280.00 in a research note on Friday, December 13th. Scotiabank upgraded shares of WSP Global to a "strong-buy" rating in a research note on Friday, October 25th. Stifel Nicolaus raised their price target on shares of WSP Global from C$260.00 to C$285.00 in a research report on Friday, October 4th. Finally, BMO Capital Markets lifted their price objective on shares of WSP Global from C$257.00 to C$280.00 in a report on Friday, November 8th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and two have issued 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 a consensus target price of C$268.27.

Get Our Latest Stock Analysis on WSP

WSP Global Stock Performance

The stock has a market cap of C$31.24 billion, a price-to-earnings ratio of 52.42, a P/E/G ratio of 1.09 and a beta of 0.82. The firm's 50-day moving average is C$247.90 and its two-hundred day moving average is C$231.14. The company has a current ratio of 1.13, a quick ratio of 1.04 and a debt-to-equity ratio of 71.81.

WSP Global (TSE:WSP - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported C$2.24 EPS for the quarter, meeting analysts' consensus estimates of C$2.24. The business had revenue of C$3 billion during the quarter, compared to analysts' expectations of C$3 billion. WSP Global had a return on equity of 9.40% and a net margin of 4.03%. As a group, sell-side analysts expect that WSP Global Inc. will post 9.5687404 earnings per share for the current year.

WSP Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.375 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.50 dividend on an annualized basis and a yield of 0.60%. WSP Global's payout ratio is 31.38%.

WSP Global Company Profile

(Get Free Report)

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.

Further Reading

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