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

WSP Global Inc. (OTCMKTS:WSPOF) gapped up prior to trading on Tuesday . The stock had previously closed at $113.12, but opened at $122.40. WSP Global shares last traded at $122.48, with a volume of 182 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on WSPOF shares. Scotiabank reissued an “outperform” rating on shares of WSP Global in a research report on Monday, April 13th. Canadian Imperial Bank of Commerce reaffirmed 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, According to MarketBeat.com, WSP Global currently has a consensus rating of “Buy”.

WSP Global Price Performance

The stock has a market cap of $16.45 billion and a price-to-earnings ratio of 75.78. 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 stock’s 50 day simple moving average is $128.00 and its two-hundred day simple moving average is $154.86.

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

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.