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

Wise Group plc (NASDAQ:WSE) has been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.52.

Several equities research analysts have issued reports on the company. Canaccord Genuity Group assumed coverage on Wise Group in a report on Wednesday, September 2nd. They issued a “buy” rating for the company. Weiss Ratings raised Wise Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Wall Street Zen upgraded Wise Group from a “sell” rating to a “hold” rating in a report on Saturday, June 27th. JPMorgan Chase & Co. decreased their price objective on Wise Group from $17.50 to $17.30 and set an “overweight” rating for the company in a research report on Friday, July 17th. Finally, Barclays upgraded Wise Group to a “strong-buy” rating in a research report on Tuesday, July 7th.

Wise Group Trading Up 1.6%

WSE opened at $11.87 on Friday. The stock has a fifty day moving average price of $12.26. 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 twelve month low of $10.36 and a twelve month high of $17.47.

Wise Group (NASDAQ:WSE) last released its quarterly earnings data 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 analysts expect that Wise Group will post 0.57 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Amundi bought a new stake in shares of Wise Group during the second quarter worth $58,328,000. Allianz Asset Management GmbH bought a new stake in Wise Group in the 2nd quarter valued at $14,441,000. The Manufacturers Life Insurance Company bought a new stake in Wise Group in the 2nd quarter valued at $3,154,000. Citadel Advisors LLC bought a new stake in Wise Group in the 2nd quarter valued at $2,695,000. Finally, Royal London Asset Management Ltd. acquired a new position in Wise Group in the 2nd quarter worth $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.