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

WSP Global Inc. (OTCMKTS:WSPOF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $133.11, but opened at $153.99. WSP Global shares last traded at $128.6975, with a volume of 62 shares changing hands.

Analysts Set New Price Targets

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

WSP Global Stock Performance

The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average is $130.26 and its two-hundred day moving average is $143.65. The stock has a market capitalization of $17.52 billion and a P/E ratio of 35.22.

WSP Global Company Profile

WSP Global Inc is a Canada-based professional services and consulting company that provides engineering, design, environmental, and strategic advisory services. Its work supports the planning, design, and delivery of complex projects for public- and private-sector clients.

The company serves clients across transportation and infrastructure, property and buildings, environmental consulting, energy, resources, and industrial markets. Its services include project and program management, engineering design, urban planning, environmental assessment, climate and sustainability consulting, and technical advisory work.

WSP operates through a global network serving clients in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific region.