WSP Global (OTCMKTS:WSPOF) Shares Gap Down – Time to Sell?

WSP Global Inc. (OTCMKTS:WSPOF)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $137.7750, but opened at $131.00. WSP Global shares last traded at $138.94, with a volume of 106 shares changing hands.

Analysts Set New Price Targets

A number of research firms have weighed in on WSPOF. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research note on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of WSP Global in a research report on Monday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of WSP Global in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of WSP Global in a research note on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy”.

WSP Global Price Performance

The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.81. The company has a market cap of $18.44 billion and a PE ratio of 37.07. The stock has a 50-day simple moving average of $127.78 and a 200 day simple moving average of $147.79.

WSP Global Company Profile

WSP Global Inc is a Canadian professional services firm specializing in engineering, design and environmental consulting. The company provides advisory, planning and project delivery services to public and private sector clients across the built and natural environment. Its expertise spans the full project lifecycle, from feasibility studies and regulatory approvals to design, construction oversight and asset management.

WSP’s service offerings cover a wide range of market sectors including transportation infrastructure, property and buildings, environment and resources, energy and mining, and water management.