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

Shares of WSP Global Inc. (OTCMKTS:WSPOF) gapped up prior to trading on Monday . The stock had previously closed at $138.64, but opened at $163.2150. WSP Global shares last traded at $163.2150, with a volume of 1 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on WSPOF shares. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research note on Friday, May 8th. Scotiabank reaffirmed an “outperform” rating on shares of WSP Global in a research note on Monday, April 13th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, WSP Global presently has a consensus rating of “Buy”.

WSP Global Price Performance

The company has a 50-day moving average price of $160.60 and a 200 day moving average price of $174.10.

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