WSP Global (OTCMKTS:WSPOF) Shares Gap Down – Time to Sell?

WSP Global Inc. (OTCMKTS:WSPOF) shares gapped down before the market opened on Monday . The stock had previously closed at $137.7750, but opened at $131.00. WSP Global shares last traded at $138.94, with a volume of 106 shares traded.

Analysts Set New Price Targets

Several research firms recently issued reports on WSPOF. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of WSP Global in a report on Wednesday, July 8th. Scotiabank reissued an “outperform” rating on shares of WSP Global in a report on Monday, August 10th. BMO Capital Markets restated an “outperform” rating on shares of WSP Global in a research report on Thursday, August 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of WSP Global in a research note on Monday, August 10th. Five investment 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 Trading Down 1.4%

The company’s 50 day moving average price is $127.78 and its two-hundred day moving average price is $147.79. 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 capitalization of $18.44 billion and a PE ratio of 37.07.

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.