WSP Global (TSE:WSP) Stock Price Crosses Above Fifty Day Moving Average - Here's Why

WSP Global Inc. (TSE:WSP - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Analyst Upgrades and Downgrades

WSP has been the topic of several recent research reports. Stifel Nicolaus lifted their target price on shares of WSP Global from C$295.00 to C$310.00 in a report on Tuesday, February 18th. CIBC boosted their price objective on WSP Global from C$293.00 to C$295.00 in a research note on Friday. Royal Bank of Canada increased their target price on WSP Global from C$261.00 to C$279.00 in a research note on Friday, November 8th. TD Securities boosted their price target on WSP Global from C$300.00 to C$305.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, Canaccord Genuity Group increased their price objective on shares of WSP Global from C$290.00 to C$305.00 in a research report on Friday. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, WSP Global presently has a consensus rating of "Buy" and an average price target of C$284.83.

WSP Global Trading Down 0.2 %

The firm's 50-day simple moving average is C$251.41 and its 200 day simple moving average is C$243.82. The stock has a market cap of C$33.22 billion, a P/E ratio of 49.21, a PEG ratio of 1.09 and a beta of 0.82. The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45.

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WSP Global Dividend Announcement

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

WSP Global Company Profile

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).