Wise Group (NASDAQ:WSE) Price Target Raised to $17.25

Wise Group (NASDAQ:WSE) had its target price increased by UBS Group from $16.00 to $17.25 in a research note issued to investors on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of Wise Group from $17.50 to $17.30 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Weiss Ratings raised shares of Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 6th. Barclays upgraded Wise Group to a “strong-buy” rating in a report on Tuesday, July 7th. Morgan Stanley started coverage on Wise Group in a research note on Monday, June 29th. They issued an “equal weight” rating and a $16.10 price objective on the stock. Finally, Canaccord Genuity Group assumed coverage on Wise Group in a research note on Wednesday, September 2nd. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.84.

Wise Group Stock Performance

NASDAQ WSE opened at $12.10 on Tuesday. The business has a 50-day moving average of $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 has a 12 month low of $10.36 and a 12 month high of $17.47.

Wise Group (NASDAQ:WSE) last released its quarterly earnings data on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The company had revenue of $576.48 million during the quarter. As a group, equities research analysts expect that Wise Group will post 0.57 earnings per share for the current year.

Institutional Investors Weigh In On Wise Group

Large investors have recently modified their holdings of the business. The Manufacturers Life Insurance Company purchased a new position in Wise Group during the second quarter valued at approximately $3,154,000. Amundi bought a new position in Wise Group in the second quarter worth approximately $58,328,000. Public Employees Retirement System of Ohio purchased a new stake in Wise Group during the second quarter worth $1,265,000. Envestnet Asset Management Inc. purchased a new stake in Wise Group during the second quarter worth $2,484,000. Finally, Van ECK Associates Corp purchased a new stake in Wise Group during the second quarter worth $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.