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WSP Global (WSP) Gets a Hold Rating from Scotiabank


Shares of WSP Global (WSP) were revisited by a Wall Street analyst yesterday. The company received a Hold rating from Scotiabank’s analyst Mark Neville, with a C$75 price target.

According to TipRanks.com, Neville is a 4-star analyst with an average return of 9.1% and a 61.0% success rate. Neville covers the Basic Materials sector, focusing on stocks such as SNC-Lavalin Group Inc, Stella-Jones Inc, and Stantec Inc.

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Currently, the analyst consensus on WSP Global is a Moderate Buy with an average price target of C$76.33.

Based on WSP Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$67.4 million. In comparison, last year the company had a net profit of C$72.6 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 Thursday at C$67.10.