JPMorgan Chase & Co. Cuts Wise Group (NASDAQ:WSE) Price Target to $17.30

Wise Group (NASDAQ:WSE) had its price target dropped by JPMorgan Chase & Co. from $17.50 to $17.30 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 39.97% from the company’s current price.

A number of other analysts have also recently weighed in on WSE. Weiss Ratings raised shares of Wise Group from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, July 2nd. Zacks Research upgraded Wise Group to a “hold” rating in a research note on Thursday, May 21st. William Blair started coverage on Wise Group in a report on Monday, May 11th. They set an “outperform” rating on the stock. The Goldman Sachs Group upgraded Wise Group to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, UBS Group initiated coverage on Wise Group in a report on Friday, May 29th. They issued a “buy” rating and a $16.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $16.52.

Wise Group Price Performance

WSE stock traded down $0.56 during trading on Friday, reaching $12.36. 683,023 shares of the company were exchanged, compared to its average volume of 1,469,260. The business’s 50-day moving average is $12.09. Wise Group has a twelve month low of $10.36 and a twelve month high of $17.47.