WSP International Inc. (WSP: CN) (OTC: WSPOF) has acquired an up to date worth goal from RBC Capital, now set at Cdn$261.00, raised from the earlier Cdn$252.00.
The agency maintained its Outperform score on the corporate’s inventory. The adjustment follows WSP International’s acquisition of POWER Engineers, a transfer that RBC Capital believes positions the corporate favorably for medium-term progress.
The analyst at RBC Capital highlighted the strategic advantages of the acquisition, noting it enhances WSP’s presence in each a high-growth sector—Energy & Power—and an necessary geographic market, the US. The deal can also be anticipated to result in income synergies not presently mirrored in WSP’s share worth.
In keeping with RBC Capital, the monetary phrases of the acquisition seem affordable for an asset of POWER’s caliber. Furthermore, the agency anticipates that the deliberate value synergies, beginning at US$25 million, signify simply the preliminary part of economic advantages. Over the subsequent two to 4 years, income synergies are anticipated to contribute considerably extra to WSP’s efficiency.
The revised worth goal of Cdn$261.00 represents a modest enhance of Cdn$9.00 from the earlier goal. RBC Capital’s reiteration of the Outperform score suggests confidence in WSP International’s trajectory following the acquisition of POWER Engineers.
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