WSP Global (TSE:WSP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of WSP Global Inc. (TSE:WSP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$267.85 and traded as low as C$261.09. WSP Global shares last traded at C$265.84, with a volume of 458,388 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. BMO Capital Markets lifted their target price on shares of WSP Global from C$335.00 to C$338.00 in a research note on Monday, January 5th. Desjardins boosted their price objective on shares of WSP Global from C$346.00 to C$375.00 and gave the company a “buy” rating in a research report on Tuesday, December 23rd. TD Securities upped their price objective on shares of WSP Global from C$330.00 to C$335.00 and gave the company a “buy” rating in a research note on Tuesday, December 23rd. National Bankshares raised their target price on WSP Global from C$301.00 to C$304.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 23rd. Finally, Scotiabank boosted their price target on WSP Global from C$318.00 to C$320.00 and gave the company an “outperform” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and a consensus target price of C$330.83.

WSP Global Stock Performance

The company’s 50-day moving average price is C$255.62 and its 200 day moving average price is C$267.85. The stock has a market capitalization of C$35.84 billion, a PE ratio of 39.80, a PEG ratio of 1.09 and a beta of 0.47. The company has a debt-to-equity ratio of 80.45, a quick ratio of 1.04 and a current ratio of 1.26.

WSP Global (TSE:WSP) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$2.82 earnings per share (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 during the quarter. On average, equities research analysts expect 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).