WSP Global (OTCMKTS:WSPOF) Shares Gap Down – Here’s Why

WSP Global Inc. (OTCMKTS:WSPOF) shares gapped down before the market opened on Friday. The stock had previously closed at $116.63, but opened at $111.43. WSP Global shares last traded at $117.44, with a volume of 1,384 shares traded.

Wall Street Analyst Weigh In

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

WSP Global Price Performance

The stock has a 50-day simple moving average of $129.84 and a 200 day simple moving average of $136.28. The company has a market cap of $15.96 billion and a PE ratio of 32.08. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.79.

WSP Global Company Profile

WSP Global Inc is a Canada-based professional services firm that provides consulting, engineering, design, and project management services to public- and private-sector clients. The company supports projects across the built and natural environments, combining technical expertise with advisory and strategic services.

Its activities include transportation and infrastructure planning, building design, environmental consulting, energy and resource development, industrial projects, water services, and urban planning.