Source: Sharecast
The Candian bank updated its model to reflect the roughly seven-month contribution of the Spanish regulatory technology business in 2026, and full-year contribution thereafter, modeling earnings accretion of 18% in FY27. Across its forecast period, Canaccord Genuity expects earnings to expand roughly 20%.
"We reiterate our view that Conversia is an attractive asset, adding a market leading RegTech platform to the group with high retention rates, recurring revenues and favourable profit and cash generation profiles," said the Canaccord Genuity, which reiterated its 'buy' rating on the stock.
"All in, with the FRA sale process in motion (we now present as non-core), we believe Wilmington is creating a stronger, digital-first portfolio of "must-have" GRC assets, underpinning our expectations for double-digit growth and margin expansion across the forecast period."
Reporing by Iain Gilbert at Sharecast.com