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

WSP Global Inc. (OTCMKTS:WSPOF)’s share price gapped up before the market opened 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 analysts have commented on the stock. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research note on Wednesday, July 8th. Scotiabank restated an “outperform” rating on shares of WSP Global in a research report on Monday, April 13th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, WSP Global currently has an average rating of “Buy”.

WSP Global Price Performance

The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market capitalization of $16.62 billion and a P/E ratio of 76.58. The firm has a 50-day moving average price of $128.73 and a 200 day moving average price of $155.76.

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

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.