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

WSP Global Inc. (TSE:WSP)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-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 changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Canaccord Genuity Group raised their target price on shares of WSP Global from C$260.00 to C$275.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. CIBC lifted their price objective on WSP Global from C$264.00 to C$280.00 in a research report on Friday, December 13th. BMO Capital Markets lifted their price target on WSP Global from C$257.00 to C$280.00 in a research report on Friday, November 8th. Stifel Nicolaus upped their price target on WSP Global from C$260.00 to C$285.00 in a research note on Friday, October 4th. Finally, Scotiabank raised WSP Global to a “strong-buy” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$268.27.

WSP Global Trading Up 1.3 %

The firm’s 50 day moving average price is C$247.90 and its 200-day moving average price is C$231.14. The company has a debt-to-equity ratio of 71.81, a current ratio of 1.13 and a quick ratio of 1.04. The stock has a market cap of C$31.24 billion, a P/E ratio of 52.42, a P/E/G ratio of 1.09 and a beta of 0.82.

WSP Global (TSE:WSP) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$2.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$2.24. The business had revenue of C$3 billion for 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, equities research analysts forecast 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. Investors 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 annualized dividend and a yield of 0.60%. WSP Global’s payout ratio is 31.38%.

WSP Global Company Profile

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.