WSP Global (OTCMKTS:WSPOF) Stock Price Down 8.1% – Here’s What Happened

WSP Global Inc. (OTCMKTS:WSPOF) shares were down 8.1% during trading on Thursday . The company traded as low as $114.38 and last traded at $114.38. Approximately 1,531 shares were traded during mid-day trading, a decline of 92% from the average session volume of 20,006 shares. The stock had previously closed at $124.5151.

Analysts Set New Price Targets

Several research analysts have weighed in on WSPOF shares. Scotiabank reiterated an “outperform” rating on shares of WSP Global in a report on Monday, April 13th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of WSP Global in a report on Wednesday, July 8th. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy”.

WSP Global Price Performance

The company’s 50-day moving average price is $130.23 and its 200-day moving average price is $157.20. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $15.42 billion and a P/E ratio of 71.04.

WSP Global (OTCMKTS:WSPOF) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.48 by $0.13. WSP Global had a net margin of 5.46% and a return on equity of 12.01%. The business had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.65 billion.

WSP Global Company Profile

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.