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WSP Global ( (TSE:WSP) ) has provided an announcement.
WSP Global Inc. has announced its agreement to acquire TRC Companies for $3.3 billion, a move that will position WSP as the largest engineering and design firm in the U.S. by revenue. This acquisition is expected to enhance WSP’s capabilities in the Power & Energy sector and provide significant growth opportunities through expanded service offerings and cross-selling potential, aligning with its 2025-2027 Global Strategic Action Plan.
The most recent analyst rating on (TSE:WSP) stock is a Buy with a C$268.00 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 overall stock score is driven by its strong financial performance and positive earnings call, which highlight robust growth and strategic acquisitions. However, the technical analysis indicates bearish momentum, and the high P/E ratio suggests potential overvaluation. The company’s ability to navigate market challenges and leverage acquisitions will be crucial for future performance.
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 operating in the engineering and design industry. The company focuses on providing comprehensive solutions across various sectors, including Power & Energy, Water, Infrastructure, and Environment, with a significant market presence in Canada and the Americas.
Average Trading Volume: 324,542
Technical Sentiment Signal: Hold
Current Market Cap: C$31.52B
For an in-depth examination of WSP stock, go to TipRanks’ Overview page.