Wise Group (NASDAQ:WSE) Stock Gets Price Target Boost from UBS Group

Wise Group (NASDAQ:WSE) had its price target increased by stock analysts at UBS Group from $16.00 to $17.25 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price points to a potential upside of 41.16% from the company’s previous close.

Other equities research analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Wise Group from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. Canaccord Genuity Group started coverage on shares of Wise Group in a report on Wednesday, September 2nd. They issued a “buy” rating on the stock. JPMorgan Chase & Co. decreased their price objective 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. Morgan Stanley initiated coverage on shares of Wise Group in a research report on Monday, June 29th. They issued an “equal weight” rating and a $16.10 price objective on the stock. Finally, Barclays raised shares of Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Two 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’s stock. Based on data from MarketBeat, Wise Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.84.

Wise Group Stock Performance

Shares of NASDAQ:WSE traded up $0.28 during trading on Tuesday, reaching $12.22. 2,672,940 shares of the company traded hands, compared to its average volume of 1,463,968. Wise Group has a 52-week low of $10.36 and a 52-week high of $17.47. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s fifty day simple moving average is $12.25.

Wise Group (NASDAQ:WSE) last issued its earnings results on Thursday, June 25th. The company reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $576.48 million during the quarter. Equities research analysts predict that Wise Group will post 0.57 earnings per share for the current year.

Institutional Trading of Wise Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WSE. Amundi purchased a new stake in Wise Group in the second quarter worth $58,328,000. Allianz Asset Management GmbH bought a new stake in Wise Group in the second quarter valued at $14,441,000. The Manufacturers Life Insurance Company purchased a new position in Wise Group during the 2nd quarter valued at $3,154,000. Citadel Advisors LLC purchased a new position in Wise Group during the 2nd quarter valued at $2,695,000. Finally, Royal London Asset Management Ltd. purchased a new position in Wise Group during the 2nd quarter valued at $2,514,000.

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.