WSP Global (OTCMKTS:WSPOF) Shares Gap Up – Still a Buy?

Shares of WSP Global Inc. (OTCMKTS:WSPOF) gapped up prior to trading on Thursday. The stock had previously closed at $119.30, but opened at $123.69. WSP Global shares last traded at $124.0715, with a volume of 205 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating on shares of WSP Global in a report on Thursday, August 6th. Scotiabank reaffirmed an “outperform” rating on shares of WSP Global in a research report on Thursday, October 15th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of WSP Global in a report on Wednesday, July 8th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of WSP Global in a research report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat, WSP Global currently has a consensus rating of “Buy”.

WSP Global Stock Up 3.6%

The firm has a 50-day moving average of $128.31 and a 200 day moving average of $135.22. The stock has a market capitalization of $17.23 billion and a price-to-earnings ratio of 34.63. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.79.

About WSP Global

WSP Global Inc is a Canada-based professional services and consulting company that provides engineering, advisory, and project delivery services to public- and private-sector clients. Its work supports the planning, design, and management of complex projects across the built and natural environments.

The company’s activities include transportation and infrastructure consulting, engineering and design for buildings, environmental and climate services, energy and resources consulting, and project and program management.