Wise Group (NASDAQ:WSE) Coverage Initiated at Morgan Stanley

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

Several other research firms have also recently weighed in on WSE. Weiss Ratings cut Wise Group from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, June 18th. William Blair initiated coverage on Wise Group in a report on Monday, May 11th. They issued an “outperform” rating for the company. UBS Group assumed coverage on Wise Group in a research report on Friday, May 29th. They issued a “buy” rating and a $16.00 target price for the company. BNP Paribas Exane began coverage on shares of Wise Group in a research note on Monday, June 1st. They set an “outperform” rating and a $16.69 target price on the stock. Finally, Zacks Research raised shares of Wise Group to a “hold” rating in a report on Thursday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Wise Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.26.

Wise Group Trading Up 0.5%

Shares of NASDAQ:WSE traded up $0.06 during trading on Monday, reaching $12.24. 205,722 shares of the stock traded hands, compared to its average volume of 1,576,371. Wise Group has a 52-week low of $10.36 and a 52-week high of $17.47.