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

Shares of WSP Global Inc. (TSE:WSP) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$250.30 and traded as high as C$271.33. WSP Global shares last traded at C$266.83, with a volume of 350,072 shares traded.

Analyst Ratings Changes

Several brokerages have commented on WSP. CIBC dropped their price target on shares of WSP Global from C$349.00 to C$342.00 in a research note on Friday, November 7th. Raymond James Financial increased their target price on shares of WSP Global from C$310.00 to C$340.00 in a research report on Sunday, January 4th. TD Securities lifted their price target on shares of WSP Global from C$330.00 to C$335.00 and gave the stock a “buy” rating in a research note on Tuesday, December 23rd. Royal Bank Of Canada decreased their price objective on shares of WSP Global from C$318.00 to C$316.00 in a research note on Friday, November 7th. Finally, Atb Cap Markets upgraded WSP Global from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of C$330.67.

WSP Global Stock Performance

The company has a current ratio of 1.26, a quick ratio of 1.04 and a debt-to-equity ratio of 80.45. The stock has a market cap of C$35.97 billion, a price-to-earnings ratio of 39.94, a PEG ratio of 1.09 and a beta of 0.51. The stock’s 50 day moving average is C$250.30 and its two-hundred day moving average is C$269.11.

WSP Global (TSE:WSP) last posted its quarterly earnings data on Wednesday, November 5th. The company reported C$2.82 EPS for the quarter. WSP Global had a net margin of 4.24% and a return on equity of 9.84%. The company had revenue of C$4.53 billion for the quarter. Analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current fiscal year.

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).