The Globe and Mail reports in its Wednesday, Feb. 19, edition that Desjardins Securities analyst Benoit Poirier is sticking with his "buy" recommendation for WSP Global. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier advanced his share target by $3 to $302. Analysts on average target the shares at $285.43. Mr. Poirier says in a note: "We expect investors to embrace WSP's broadened M&A ambitions given the company's favourable valuation (multiple arbitrage opportunities at play), increased scale, strong balance sheet and impressive M&A/quick integration track record. Moreover, most of the professional services/consultancy firms mentioned in its presentation are not publicly traded, which makes WSP one of the only avenues for equity investors to gain exposure to this growing sector and could lead to further multiple rerating." The Globe reported on May 10 that Mr. Poirier continued to rate WSP Global "buy." The shares were then going for $219.03. The Globe reported on Feb. 14 that TD Cowen analyst Michael Tupholme had reaffirmed his "buy" recommendation for WSP Global. The shares could then be had for $249.23.
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