Wise Group plc (NASDAQ:WSE) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Wise Group plc (NASDAQ:WSE) have received a consensus rating of “Moderate Buy” from the nine analysts that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $16.5225.

A number of equities analysts have commented on the stock. Zacks Research upgraded shares of Wise Group to a “hold” rating in a report on Thursday, May 21st. Morgan Stanley started coverage on Wise Group in a research note on Monday, June 29th. They set an “equal weight” rating and a $16.10 target price for the company. UBS Group began coverage on Wise Group in a research report on Friday, May 29th. They set a “buy” rating and a $16.00 target price on the stock. Barclays upgraded Wise Group to a “strong-buy” rating in a research note on Tuesday, July 7th. Finally, JPMorgan Chase & Co. reduced their price target on Wise Group from $17.50 to $17.30 and set an “overweight” rating for the company in a report on Friday, July 17th.

Wise Group Stock Down 6.2%

Shares of WSE stock opened at $11.33 on Tuesday. The company has a fifty day moving average price of $12.00. Wise Group has a twelve month low of $10.36 and a twelve month high of $17.47.