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WSP Global (WSP) Receives a Rating Update from a Top Analyst

WSP Global (WSP) Receives a Rating Update from a Top Analyst

In a report released today, Benoit Poirier from Desjardins maintained a Buy rating on WSP Global, with a price target of C$313.00. The company's shares closed today at C$280.00.
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According to TipRanks, Poirier is a top 100 analyst with an average return of 19.6% and a 66.43% success rate. Poirier covers the Industrials sector, focusing on stocks such as Calian Group, Canadian Pacific Kansas City, and AtkinsRealis.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for WSP Global with a C$312.71 average price target, an 11.68% upside from current levels. In a report released today, Stifel Nicolaus also maintained a Buy rating on the stock with a C$317.00 price target.
Based on WSP Global's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$4.39 billion and a net profit of C$144.1 million. In comparison, last year the company earned a revenue of C$3.59 billion and had a net profit of C$126.8 million
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WSP in relation to earlier this year.
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