WSP Global (OTCMKTS:WSPOF) Stock Price Down 8.2% – Should You Sell?

WSP Global Inc. (OTCMKTS:WSPOF)’s share price dropped 8.2% during trading on Wednesday . The stock traded as low as $139.95 and last traded at $139.95. Approximately 649 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 10,668 shares. The stock had previously closed at $152.3830.

Analysts Set New Price Targets

WSPOF has been the subject of several analyst reports. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research note on Friday. Scotiabank reissued an “outperform” rating on shares of WSP Global in a research note on Monday, April 13th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, WSP Global presently has an average rating of “Buy”.

WSP Global Stock Down 8.8%

The firm has a fifty day moving average price of $162.36 and a 200-day moving average price of $175.33.

WSP Global (OTCMKTS:WSPOF) last released its earnings results on Wednesday, May 6th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.13. The business had revenue of $2.70 billion during the quarter, compared to the consensus estimate of $2.65 billion.

About WSP Global

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.