WSP Global (OTCMKTS:WSPOF) Shares Gap Up – Still a Buy?

Shares of WSP Global Inc. (OTCMKTS:WSPOF) gapped up before the market opened on Thursday. The stock had previously closed at $119.30, but opened at $123.69. WSP Global shares last traded at $124.0715, with a volume of 205 shares traded.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on WSPOF. Scotiabank reaffirmed an “outperform” rating on shares of WSP Global in a research note on Thursday, October 15th. BMO Capital Markets restated an “outperform” rating on shares of WSP Global in a report on Thursday, August 6th. Royal Bank Of Canada restated an “outperform” rating on shares of WSP Global in a report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of WSP Global in a research report on Wednesday, July 8th. Five research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, WSP Global presently has a consensus rating of “Buy”.

WSP Global Stock Up 3.6%

The stock has a fifty day moving average price of $128.31 and a 200-day moving average price of $135.22. The firm has a market cap of $17.23 billion and a PE ratio of 34.63. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.20 and a current ratio of 1.20.

About WSP Global

WSP Global Inc is a Canada-based professional services and consulting company that provides engineering, advisory, and project delivery services to public- and private-sector clients. Its work supports the planning, design, and management of complex projects across the built and natural environments.

The company’s activities include transportation and infrastructure consulting, engineering and design for buildings, environmental and climate services, energy and resources consulting, and project and program management.