WSP Global (OTCMKTS:WSPOF) Shares Gap Up – Should You Buy?

Shares of WSP Global Inc. (OTCMKTS:WSPOF) gapped up before the market opened on Monday . The stock had previously closed at $122.7580, but opened at $141.6320. WSP Global shares last traded at $127.44, with a volume of 261 shares changing hands.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of WSP Global in a research report on Wednesday, July 8th. Scotiabank reaffirmed 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 MarketBeat.com, WSP Global has a consensus rating of “Buy”.

WSP Global Stock Down 0.6%

The company has a 50 day moving average price of $127.20 and a two-hundred day moving average price of $153.91. 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 has a market cap of $16.45 billion and a PE ratio of 75.79.

WSP Global (OTCMKTS:WSPOF) last announced its quarterly earnings results 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. WSP Global had a return on equity of 12.01% and a net margin of 5.46%.The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate 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.