Wise (LON:WISE) Earns Buy Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Wise (LON:WISE) in a research report sent to investors on Wednesday,Digital Look reports. The firm issued a buy rating and a GBX 1,171 price objective on the stock.

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

Wise Price Performance

Wise stock opened at GBX 969.29 on Wednesday. The stock has a market capitalization of £9.57 billion, a price-to-earnings ratio of 20.01, a PEG ratio of 1.28 and a beta of 0.51. Wise has a 52-week low of GBX 754 and a 52-week high of GBX 1,164. The stock’s 50 day moving average price is GBX 935.57 and its two-hundred day moving average price is GBX 925.70. The company has a debt-to-equity ratio of 25.12, a quick ratio of 0.06 and a current ratio of 1,467.09.

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.