Wise (LON:WISE) Coverage Initiated by Analysts at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group initiated coverage of Wise with a “buy” rating and a GBX 1,171 price target, implying approximately 21.35% upside from the prior close.
• Wise has an overall “Moderate Buy” consensus, with four Buy ratings and one Hold rating; the average analyst price target is GBX 1,192.
• Wise shares opened at GBX 965, while the stock’s 52-week trading range is GBX 754 to GBX 1,164; the company has a market capitalization of approximately £9.53 billion.

Analysts at Canaccord Genuity Group assumed coverage on shares of Wise (LON:WISE - Get Free Report) in a research report issued to clients and investors on Wednesday, Digital Look reports. The firm set a "buy" rating and a GBX 1,171 price target on the stock. Canaccord Genuity Group's price objective would suggest a potential upside of 21.35% from the company's previous close.

A number of other research analysts have also commented on WISE. Jefferies Financial Group cut their price objective on shares of Wise from GBX 1,299 to GBX 1,239 and set a "buy" rating for the company in a research report on Thursday, July 9th. Berenberg Bank reissued a "buy" rating on shares of Wise in a research report on Thursday, June 11th. Peel Hunt restated a "hold" rating and set a GBX 900 price target on shares of Wise in a research note on Friday, July 24th. Finally, JPMorgan Chase & Co. cut their price target on Wise from GBX 1,320 to GBX 1,300 and set an "overweight" rating for the company in a report on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of GBX 1,192.

Wise Price Performance

Shares of Wise stock opened at GBX 965 on Wednesday. The company has a debt-to-equity ratio of 25.12, a current ratio of 1,467.09 and a quick ratio of 0.06. Wise has a fifty-two week low of GBX 754 and a fifty-two week high of GBX 1,164. The firm has a fifty day moving average price of GBX 928.60 and a two-hundred day moving average price of GBX 924.07. The company has a market cap of £9.53 billion, a PE ratio of 19.93, a price-to-earnings-growth ratio of 1.28 and a beta of 0.51.

About Wise

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services. The company was formerly known as 456 Newco plc and changed its name to Wise plc in June 2021. Wise plc was founded in 2010 and is based in London, the United Kingdom.

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