WSP Global (TSE:WSP) Shares Cross Above Fifty Day Moving Average of $174.93

WSP Global Inc. (TSE:WSP – Get Rating) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of C$174.93 and traded as high as C$175.72. WSP Global shares last traded at C$174.90, with a volume of 244,227 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on WSP. BMO Capital Markets increased their target price on WSP Global from C$194.00 to C$196.00 in a report on Monday, April 3rd. Royal Bank of Canada raised their price target on WSP Global from C$190.00 to C$198.00 and gave the company an “outperform” rating in a research report on Friday, March 10th. TD Securities raised their price target on WSP Global from C$190.00 to C$205.00 and gave the company a “buy” rating in a research report on Friday, March 10th. Raymond James raised their price target on WSP Global from C$190.00 to C$205.00 and gave the company an “outperform” rating in a research report on Thursday, January 26th. Finally, CIBC raised their price target on WSP Global from C$185.00 to C$188.00 and gave the company an “outperform” rating in a research report on Friday, March 10th. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$187.73.

WSP Global Trading Up 0.8 %

The stock has a market cap of C$21.78 billion, a P/E ratio of 48.85, a PEG ratio of 1.09 and a beta of 0.93. The company has a debt-to-equity ratio of 67.97, a current ratio of 1.09 and a quick ratio of 1.04. The business’s 50 day simple moving average is C$174.93 and its 200 day simple moving average is C$169.19.

WSP Global (TSE:WSP – Get Rating) last announced its quarterly earnings results on Wednesday, March 8th. The company reported C$1.68 EPS for the quarter, topping analysts’ consensus estimates of C$1.53 by C$0.15. The business had revenue of C$2.55 billion for the quarter, compared to the consensus estimate of C$2.49 billion. On average, analysts expect that WSP Global Inc. will post 6.6698328 earnings per share for the current fiscal year.

WSP Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, July 15th. Stockholders of record on Friday, June 30th will be paid a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, June 29th. WSP Global’s dividend payout ratio (DPR) is currently 41.90%.

About WSP Global

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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.