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WSP Global Inc T.WSP

Alternate Symbol(s):  WSPOF

WSP Global Inc. is a Canada-based professional services firm. The Company provides strategic advisory, engineering and design services to clients seeking sustainable solutions in the transportation, infrastructure, environment, building, energy, water and mining sectors. It also offers highly specialized services in project and program delivery and advisory services. Its segments include Canada, Americas (United States and Latin America), Europe, Middle East, India and Africa (EMEIA), and Asia Pacific, comprising Asia, Australia and New Zealand (APAC). It provides comprehensive technical support to the renewable energy industry. Its wind energy specialists help clients in both the onshore and offshore wind energy sectors develop systems. Its services include identification of prospective wind farm sites; resource assessment of wind power stations in high-wind-speed environments; wind power assessment studies and grid impact studies, and electrical interconnection studies.


TSX:WSP - Post by User

Post by retiredcfon Jun 02, 2022 1:47pm
106 Views
Post# 34727160

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Stifel’s Ian Gillies to $172 from $152 with a “buy” rating.

“The acquisition further enhances WSP’s leading position in the E&C environmental vertical, said Mr. Gillies. “This transaction is on strategy, at a reasonable valuation metric and does not stretch the balance sheet. It is another reminder of why WSP is considered a best-in-class E&C firm.”

* BMO’s Devin Dodge to $180 from $170 with an “outperform” rating.

“We believe the acquisition of E&I significantly advances WSP’s efforts to achieve its 2024 and longer-term goals, including establishing the firm as the leader in the environmental sector, exceeding $10-billion of net revenues (12 months ahead of plan) and supporting upside to adjusted EBITDA margins,” said Mr. Dodge.

“We raised our target price by almost 6 per cent to $180 and believe the current valuation represents an attractive entry point into a premier franchise in the sector.”

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