WSP Global (TSE:WSP) Shares Cross Below Two Hundred Day Moving Average - Should You Sell?

WSP Global Inc. (TSE:WSP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$246.67 and traded as low as C$244.81. WSP Global shares last traded at C$246.59, with a volume of 161,131 shares changing hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on WSP shares. BMO Capital Markets boosted their price target on shares of WSP Global from C$284.00 to C$294.00 in a research report on Thursday, February 27th. UBS Group boosted their target price on shares of WSP Global from C$274.00 to C$285.00 in a report on Wednesday, March 5th. Raymond James increased their price target on shares of WSP Global from C$270.00 to C$310.00 and gave the company a "strong-buy" rating in a report on Thursday, January 30th. CIBC boosted their price objective on WSP Global from C$293.00 to C$295.00 in a research note on Friday, February 28th. Finally, Scotiabank raised their price objective on WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. One 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. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of C$284.85.

WSP Global Price Performance

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 has a market capitalization of C$31.10 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82. The stock's 50 day moving average price is C$250.63 and its 200-day moving average price is C$247.06.

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WSP Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th will be issued a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Monday, March 31st. WSP Global's payout ratio is presently 28.66%.

Insider Activity at WSP Global

In other WSP Global news, Director Macky Tall acquired 2,056 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was acquired at an average cost of C$243.94 per share, for a total transaction of C$501,540.64. 0.06% of the stock is owned by company insiders.

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).