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

WSP Global Inc. (OTCMKTS:WSPOF)’s stock price gapped up before the market opened on Tuesday. The stock had previously closed at $133.7650, but opened at $141.00. WSP Global shares last traded at $139.5951, with a volume of 460 shares changing hands.

Analysts Set New Price Targets

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

WSP Global Trading Down 0.8%

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $18.91 billion and a P/E ratio of 38.01. The company’s fifty day simple moving average is $127.16 and its 200-day simple moving average is $145.87.

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.