In a report released yesterday, Devin Dodge from BMO Capital maintained a Buy rating on WSP Global (WSP – Research Report), with a price target of C$284.00.
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Devin Dodge’s rating is based on WSP Global’s promising growth potential and strategic initiatives. The company has set ambitious yet achievable financial goals, positioning itself as a leading professional services firm with significant opportunities for expansion. WSP Global’s focus on key regions such as North America, Europe, and Australia/New Zealand presents attractive prospects for organic growth and market consolidation.
Furthermore, WSP’s investment in digital capabilities, including a notable partnership with Microsoft, aims to enhance its engineering expertise and develop innovative digital solutions. The company’s strategy to drive EBITDA margin expansion through various operational improvements supports a positive long-term financial outlook. The target price has been adjusted upwards, reflecting confidence in WSP Global’s ability to achieve its financial targets and market leadership.
According to TipRanks, Dodge is a 5-star analyst with an average return of 11.0% and a 69.83% success rate. Dodge covers the Industrials sector, focusing on stocks such as Stantec, Republic Services, and Waste Management.
In another report released on February 13, Stifel Nicolaus also maintained a Buy rating on the stock with a C$295.00 price target.