Wise Group (NASDAQ:WSE) Price Target Raised to $17.70

Wise Group (NASDAQ:WSE) had its price target upped by JPMorgan Chase & Co. from $17.30 to $17.70 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on WSE. Canaccord Genuity Group initiated coverage on shares of Wise Group in a research report on Wednesday, September 2nd. They issued a “buy” rating for the company. Barclays raised shares of Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Weiss Ratings upgraded shares of Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, October 6th. UBS Group upped their target price on shares of Wise Group from $16.00 to $17.25 and gave the stock a “buy” rating in a research report on Tuesday, October 13th. Finally, Morgan Stanley initiated coverage on shares of Wise Group in a research note on Monday, June 29th. They set an “equal weight” rating and a $16.10 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.94.

Wise Group Stock Performance

Shares of NASDAQ:WSE opened at $10.98 on Friday. Wise Group has a twelve month low of $10.36 and a twelve month high of $17.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a fifty day simple moving average of $12.21.

Wise Group (NASDAQ:WSE) last released its quarterly earnings results on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The business had revenue of $576.48 million during the quarter. As a group, research analysts forecast that Wise Group will post 0.56 earnings per share for the current year.

Institutional Trading of Wise Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in WSE. The Manufacturers Life Insurance Company acquired a new position in Wise Group in the second quarter valued at approximately $3,154,000. Amundi acquired a new position in Wise Group in the second quarter valued at approximately $58,328,000. Public Employees Retirement System of Ohio bought a new position in Wise Group in the second quarter valued at approximately $1,265,000. Envestnet Asset Management Inc. bought a new position in Wise Group in the second quarter valued at approximately $2,484,000. Finally, Van ECK Associates Corp bought a new position in Wise Group in the second quarter valued at approximately $1,608,000.

About Wise Group

Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom.