03:35:16 EDT Sun 12 May 2024
Enter Symbol
or Name
USA
CA



WSP Global Inc
Symbol WSP
Shares Issued 124,687,754
Close 2024-04-23 C$ 213.70
Market Cap C$ 26,645,773,030
Recent Sedar Documents

Globe says Poirier keeps WSP Global at "buy"

2024-04-24 08:05 ET - In the News

The Globe and Mail reports in its Wednesday, April 24, edition that Desjardins Securities analyst Benoit Poirier has reaffirmed his "buy" recommendation for WSP Global. The Globe's David Leeder writes in the Eye On Equities column that Mr. Poirier raised his share target to $245 from $243. Analysts on average target the shares at $238.50. Mr. Poirier says in a note: "The company has completed four tuck-in acquisitions so far this year, adding a total of 450 employees -- Communica Public Affairs (50 in Canada), Proxion Plan and Proxion Pro (150 in Finland) and 1A Ingenieros (250 in Spain). While no financials were disclosed, we have used historical metrics for WSP and standard industry assumptions to include the contribution from these acquisitions in our forecasts (eg $140,000 to $150,000 net revenue contribution per employee). Consequently, our target price has increased." The Globe reported on Nov. 12, 2022, May 12, 2023, and Nov. 10, 2023, that Mr. Poirier was keeping his "buy" call on WSP Global intact. The shares could then be had for $160.49, $174.82 and $188.90. The Globe reported on April 11, 2024, that National Bank Financial analyst Maxim Sytchev rated WSP "outperform." It was then worth $211.57.

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