Wise Group (NASDAQ:WSE) Given New $17.70 Price Target at JPMorgan Chase & Co.

Wise Group (NASDAQ:WSE) had its target price hoisted by investment 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 target indicates a potential upside of 59.98% from the company’s previous close.

WSE has been the subject of a number of other reports. Wall Street Zen raised 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 report 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 boosted their target price on shares of Wise Group from $16.00 to $17.25 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley assumed coverage on Wise Group in a research note on Monday, June 29th. They set an “equal weight” rating and a $16.10 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Wise Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.94.

Wise Group Stock Down 8.6%

NASDAQ WSE traded down $1.04 during trading hours on Friday, reaching $11.06. 3,170,027 shares of the company’s stock were exchanged, compared to its average volume of 1,514,440. The business’s fifty day simple moving average is $12.24. Wise Group has a one year low of $10.36 and a one year 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.

Wise Group (NASDAQ:WSE) last issued its quarterly earnings data 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, sell-side analysts forecast that Wise Group will post 0.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Wise Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company acquired a new position in Wise Group in the 2nd quarter worth $3,154,000. Amundi bought a new stake in Wise Group in the 2nd quarter valued at approximately $58,328,000. Public Employees Retirement System of Ohio bought a new stake in Wise Group in the 2nd quarter valued at approximately $1,265,000. Envestnet Asset Management Inc. acquired a new position in Wise Group during the 2nd quarter worth approximately $2,484,000. Finally, Van ECK Associates Corp acquired a new position in Wise Group during the 2nd quarter worth approximately $1,608,000.

Wise Group Company Profile

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.