Wise Group plc (NASDAQ:WSE) Stock Rated “Moderate Buy” by Wall Street Brokerages

Wise Group plc (NASDAQ:WSE – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $16.52.

Several equities analysts recently weighed in on WSE shares. JPMorgan Chase & Co. dropped their price target 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. Barclays upgraded Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Canaccord Genuity Group assumed coverage on shares of Wise Group in a report on Wednesday, September 2nd. They set a “buy” rating on the stock. Wall Street Zen raised shares of Wise Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings upgraded shares of Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday.

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Hedge Funds Weigh In On Wise Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi bought a new position in Wise Group during the second quarter worth about $58,328,000. Allianz Asset Management GmbH purchased a new position in shares of Wise Group during the second quarter worth approximately $14,441,000. The Manufacturers Life Insurance Company bought a new position in shares of Wise Group in the second quarter worth approximately $3,154,000. Citadel Advisors LLC purchased a new position in shares of Wise Group in the second quarter valued at about $2,695,000. Finally, Royal London Asset Management Ltd. bought a new position in Wise Group in the 2nd quarter worth $2,514,000.

Wise Group Trading Down 1.1%

Wise Group stock opened at $11.68 on Friday. The company’s fifty day moving average is $12.26. Wise Group has a 12-month low of $10.36 and a 12-month 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.

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

About Wise Group

(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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