Wise Group (NASDAQ:WSE) Stock Price Target Raised at JPMorgan Chase & Co.

by · The Cerbat Gem

Wise Group (NASDAQ:WSE – Get Free Report) had its price objective increased by equities research analysts at JPMorgan Chase & Co. from $17.30 to $17.70 in a report released on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 59.98% from the stock’s previous close.

WSE has been the subject of several other reports. Weiss Ratings upgraded shares of Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Wall Street Zen upgraded shares of Wise Group from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Barclays raised shares of Wise Group to a “strong-buy” rating in a research report on Tuesday, July 7th. Canaccord Genuity Group started coverage on Wise Group in a research report on Wednesday, September 2nd. They set a “buy” rating on the stock. Finally, Morgan Stanley assumed coverage on Wise Group in a research report on Monday, June 29th. They set an “equal weight” rating and a $16.10 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.94.

Get Our Latest Research Report on Wise Group

Wise Group Price Performance

Shares of NASDAQ:WSE traded down $1.04 during midday trading on Friday, hitting $11.06. 3,170,027 shares of the stock were exchanged, compared to its average volume of 1,514,440. Wise Group has a 52-week low of $10.36 and a 52-week high of $17.47. The stock’s fifty day moving average is $12.24. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17.

Wise Group (NASDAQ:WSE – Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.12 EPS for the quarter. The business had revenue of $576.48 million for the quarter. As a group, sell-side analysts predict that Wise Group will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wise Group

Large investors have recently modified their holdings of the stock. TD Waterhouse Canada Inc. acquired a new stake in Wise Group in the 2nd quarter valued at $49,000. Versant Capital Management Inc acquired a new position in Wise Group during the third quarter worth $114,000. Two Sigma Securities LLC acquired a new position in Wise Group during the second quarter worth $125,000. Resolute Advisors LLC bought a new position in shares of Wise Group during the second quarter valued at $192,000. Finally, jvl associates llc bought a new position in shares of Wise Group during the third quarter valued at $230,000.

Wise Group Company Profile

(Get Free Report)

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.

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