WSP Global (TSE:WSP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

WSP Global Inc. (TSE:WSP)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$258.76 and traded as low as C$221.05. WSP Global shares last traded at C$222.05, with a volume of 410,375 shares changing hands.

Analyst Upgrades and Downgrades

WSP has been the subject of several recent analyst reports. TD Securities reduced their target price on WSP Global from C$335.00 to C$311.00 and set a “buy” rating for the company in a report on Tuesday, February 24th. Scotiabank cut their price target on WSP Global from C$320.00 to C$284.00 and set an “outperform” rating for the company in a research note on Friday, February 27th. Royal Bank Of Canada boosted their target price on shares of WSP Global from C$316.00 to C$325.00 in a report on Friday, February 27th. ATB Cormark Capital Markets cut WSP Global from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, February 20th. Finally, National Bank Financial raised their price target on shares of WSP Global from C$304.00 to C$309.00 and gave the company an “outperform” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, WSP Global currently has an average rating of “Buy” and an average price target of C$328.18.

WSP Global Trading Down 0.2%

The stock’s 50 day moving average is C$248.02 and its 200-day moving average is C$258.76. The company has a debt-to-equity ratio of 59.38, a current ratio of 1.27 and a quick ratio of 1.04. The company has a market capitalization of C$29.93 billion, a P/E ratio of 33.24, a P/E/G ratio of 1.09 and a beta of 0.15.

WSP Global (TSE:WSP) last posted its earnings results on Wednesday, February 25th. The company reported C$2.65 earnings per share for the quarter. The firm had revenue of C$4.85 billion for the quarter. WSP Global had a return on equity of 10.86% and a net margin of 5.27%. As a group, equities research analysts anticipate that WSP Global Inc. will post 9.5687404 earnings per share for the current 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).