07:08:12 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



WSP Global Inc
Symbol WSP
Shares Issued 124,624,221
Close 2023-05-12 C$ 174.82
Market Cap C$ 21,786,806,315
Recent Sedar Documents

Globe says Poirier keeps WSP Global at "buy"

2023-05-12 08:04 ET - In the News

The Globe and Mail reported on Friday, May 12, edition that Desjardins Securities analyst Benoit Poirier is keeping his "buy" call on WSP Global intact. The Globe's David Leeder writes that Mr. Poirier hiked his share target ahead by $2 to $203. Analysts on average target the shares at $193.15. Mr. Poirier says in a note: "We are pleased with the reiteration of the guidance and believe that investors should not view the lack of upward revision following the strong 1Q as a negative because WSP has historically not raised its guidance in 1Q. Also, given WSP's success with its previous outlooks, we are confident in management's ability to potentially raise and meet its targets for 2023. ... WSP is our preferred name in engineering & construction for many reasons: (1) a disciplined approach toward M&A and ability to take advantage of opportunities that could arise from a potential slowdown; (2) solid organic growth opportunities; (3) push toward a 20-per-cent EBITDA margin in the long term; and (4) ESG tailwinds." The Globe reported on March 13 that National Bank rated WSP "outperform" when it could be had for $172.97. The Globe reported on April 17 that Stifel rated WSP "buy." It was then worth $171.04.

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