Morgan Stanley Initiates Coverage on Wise Group (NASDAQ:WSE)

Analysts at Morgan Stanley started coverage on shares of Wise Group (NASDAQ:WSE) in a research report issued on Monday. The brokerage set an “equal weight” rating and a $16.10 price target on the stock. Morgan Stanley’s price target suggests a potential upside of 31.48% from the stock’s previous close.

Several other brokerages have also recently weighed in on WSE. UBS Group assumed coverage on Wise Group in a research report on Friday, May 29th. They set a “buy” rating and a $16.00 price target on the stock. Zacks Research raised shares of Wise Group to a “hold” rating in a report on Thursday, May 21st. Weiss Ratings cut Wise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. Wall Street Zen upgraded Wise Group from a “sell” rating to a “hold” rating in a report on Saturday. Finally, BNP Paribas Exane assumed coverage on Wise Group in a report on Monday, June 1st. They set an “outperform” rating and a $16.69 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.26.

Wise Group Stock Up 0.5%

Shares of NASDAQ:WSE traded up $0.06 during trading on Monday, reaching $12.24. 205,722 shares of the stock were exchanged, compared to its average volume of 1,576,371. Wise Group has a 1-year low of $10.36 and a 1-year high of $17.47.