WSP Global Expands with Acquisition of Ricardo plc

WSP Global ( (TSE:WSP) ) has issued an update.

WSP Global Inc. has announced its acquisition of Ricardo plc, a UK-based strategic and engineering consultancy firm, for 430 pence per share. This acquisition aligns with WSP’s strategic plan to enhance its capabilities in high-growth sectors such as rail, energy transition, and water solutions. The integration of Ricardo’s expertise will bolster WSP’s service offerings and strengthen its market position in key regions like the UK, Australia, and the Netherlands. The acquisition, valued at approximately £363.1 million, is expected to create new opportunities for WSP by combining its global reach with Ricardo’s specialized knowledge.

The most recent analyst rating on (TSE:WSP) stock is a Buy with a C$264.00 price target. To see the full list of analyst forecasts on WSP Global stock, see the TSE:WSP Stock Forecast page.

Spark’s Take on TSE:WSP Stock

According to Spark, TipRanks’ AI Analyst, TSE:WSP is a Outperform.

WSP Global’s strong financial performance and positive earnings call support a favorable stock outlook. However, high valuation and technical indicators suggest caution, with potential risks from increased debt and macroeconomic uncertainties. The company is well-positioned for growth, but prudent management of debt and margin pressures will be crucial.

To see Spark’s full report on TSE:WSP stock, click here.

More about WSP Global

WSP Global Inc. is a leading professional services firm, known for its expertise in engineering and consulting. The company operates across various sectors, including transport, energy, and environment, providing strategic advisory and engineering solutions. WSP is focused on expanding its presence in high-growth markets globally.

Average Trading Volume: 270,943

Technical Sentiment Signal: Buy

Current Market Cap: C$36.22B

For an in-depth examination of WSP stock, go to TipRanks’ Stock Analysis page.