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The latest announcement is out from WSP Global ( (TSE:WSP) ).
WSP Global has raised approximately $977.5 million through a combination of a bought deal public offering and a concurrent private placement of common shares, including full exercise of both the over-allotment and additional subscription options. The proceeds will be used to help finance WSP’s previously announced acquisition of TRC Companies and reduce reliance on new term loan commitments, with completion of the transaction targeted for the first quarter of 2026, subject to regulatory approvals; the deal strengthens WSP’s balance sheet and underscores support from major shareholder La Caisse, which will hold about 13.9% of outstanding shares following the financing.
The most recent analyst rating on (TSE:WSP) stock is a Buy with a C$277.00 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 profitability. However, the high valuation and mixed technical indicators temper the score, suggesting potential caution for investors.
To see Spark’s full report on TSE:WSP stock, click here.
More about WSP Global
WSP Global Inc. is a Montreal-based, publicly listed professional services firm that provides engineering, advisory and science-based expertise across transportation, infrastructure, environment, buildings, energy, water, and mining and metals sectors. Operating in more than 50 countries with approximately 75,000 employees, WSP delivers large-scale projects worldwide and positions itself as a key player in shaping built and natural environments for public and private sector clients.
Average Trading Volume: 327,215
Technical Sentiment Signal: Hold
Current Market Cap: C$32.02B
See more insights into WSP stock on TipRanks’ Stock Analysis page.