WSP Global (OTCMKTS:WSPOF) Shares Gap Up - What's Next?

Key Points

• Gapped up: WSP Global opened at $175.84 versus a prior close of $167.915, but the move was on an extremely low reported volume (one share), indicating a thin/possibly non-representative price change.
• Analyst sentiment: Four analysts rate the stock a Buy and firms such as Scotiabank and TD Securities recently reaffirmed Outperform/Buy, leaving WSP with a consensus "Buy".
• Technicals: The stock trades below both its 50-day ($181.76) and 200-day ($187.44) moving averages, suggesting it remains under short- and long-term trend resistance.

WSP Global Inc. (OTCMKTS:WSPOF - Get Free Report)'s share price gapped up prior to trading on Wednesday . The stock had previously closed at $167.9150, but opened at $175.84. WSP Global shares last traded at $175.84, with a volume of 1 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Scotiabank reaffirmed an "outperform" rating on shares of WSP Global in a research note on Thursday, January 22nd. TD Securities reaffirmed a "buy" rating on shares of WSP Global in a report on Tuesday, December 23rd. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy".

WSP Global Stock Performance

The stock has a 50-day moving average of $181.76 and a 200-day moving average of $187.44.

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.

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