BMO Capital lifts WSP Global price target to Cdn$284

On Tuesday, BMO Capital Markets adjusted its outlook on WSP Global Inc. (WSP:CN) (OTC: WSPOF), raising its price target from Cdn$280.00 to Cdn$284.00. The firm maintained its Outperform rating on the stock, signaling confidence in the company’s future performance.

The price target revision follows WSP Global’s Investor Day, where the company’s management team presented its strategic ambitions and financial goals. Analysts at BMO Capital believe these discussions showcased WSP Global’s intent to solidify its position as a leading professional services firm and a prime destination for industry talent.

WSP Global’s management has set ambitious financial targets aimed at increasing the company’s size and profitability relative to its competitors. BMO Capital’s increased price target to Cdn$284.00 is a result of upward revisions to estimates that now better align with the company’s three-year outlook.

The firm’s analysts have also noted potential for further upside to their 2027 estimates, which currently sit at the lower end of WSP Global’s targeted ranges for organic net revenue growth and adjusted EBITDA margins. The analyst’s commentary highlighted, "We believe the Investor Day presentations and conversations with management reinforced its ambition to being a leading professional services firm and a top destination for talent in its industry. Moreover, we believe management established ambitious yet credible financial targets that would see the company extend its lead for size and profitability among peers. We rate WSP Outperform. Target (NYSE:TGT) price increases to $284 (prior: $280) due to upward estimate revisions to better align with management’s three-year outlook. We believe there is upside to our 2027 estimates, which align to the lower-end of the targeted ranges for organic net revenue growth and adjusted EBITDA margins."

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