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

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 traded.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WSP. Scotiabank increased their price objective on shares of WSP Global from C$281.00 to C$283.00 in a research note on Wednesday, February 19th. Raymond James increased their price objective on shares of WSP Global from C$270.00 to C$310.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 30th. Stifel Nicolaus increased 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 upped their target price on shares of WSP Global from C$280.00 to C$284.00 in a research report on Tuesday, February 18th. Finally, TD Securities upped their target price on shares of 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. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$281.91.

WSP Global Stock Up 0.6 %

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 company’s 50-day simple moving average is C$251.10 and its 200 day simple moving average is C$243.00. The firm has a market cap of C$33.40 billion, a P/E ratio of 49.46, a price-to-earnings-growth ratio of 1.09 and a beta of 0.82.

WSP Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a dividend of $0.375 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.50 annualized dividend and a yield of 0.58%. WSP Global’s dividend payout ratio (DPR) 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.