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Canaccord Genuity Reaffirms Their Hold Rating on WSP Global (WSP)


In a new note to investors today, an analyst has provided a rating update for WSP Global (WSP). Canaccord Genuity’s analyst Yuri Lynk reiterates their Hold rating on the shares, with a C$72 price target.

According to TipRanks.com, Lynk is a 4-star analyst with an average return of 6.2% and a 51.2% success rate. Lynk covers the Basic Materials sector, focusing on stocks such as Badger Daylighting Ltd, SNC-Lavalin Group Inc, and Stantec Inc.

Currently, the analyst consensus on WSP Global is a Moderate Buy with an average price target of C$76.80, a 6.7% upside from current levels. In a report released today, BMO Capital also reiterated a Hold rating on the stock with a C$73 price target.

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Based on WSP Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$87.7 million. In comparison, last year the company had a net profit of C$30.3 million.

WSP Global, Inc. is a professional services company which provides solutions to governments, businesses, architects and planners. It deploys a range of workforce ranging from engineers, technicians, scientists, planners, surveyors, environmental specialists, as well as other design, program, and construction management professionals.

The company’s shares closed on Friday at C$71.99.