JPMorgan Chase & Co. Cuts Wise Group (NASDAQ:WSE) Price Target to $17.30

Wise Group (NASDAQ:WSE) had its price objective dropped by analysts at JPMorgan Chase & Co. from $17.50 to $17.30 in a research note issued on Friday,Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 39.97% from the company’s current price.

A number of other research firms have also recently issued reports on WSE. Zacks Research raised shares of Wise Group to a “hold” rating in a research report on Thursday, May 21st. Weiss Ratings raised Wise Group from a “hold (c)” rating to a “buy (b-)” rating in a research report on Thursday, July 2nd. Morgan Stanley began coverage on Wise Group in a research note on Monday, June 29th. They set an “equal weight” rating and a $16.10 price target on the stock. Barclays upgraded Wise Group to a “strong-buy” rating in a report on Tuesday, July 7th. Finally, William Blair initiated coverage on Wise Group in a research note on Monday, May 11th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $16.52.

Wise Group Stock Down 4.3%

NASDAQ WSE traded down $0.56 on Friday, hitting $12.36. 683,023 shares of the company were exchanged, compared to its average volume of 1,469,260. The stock’s fifty day moving average is $12.09. Wise Group has a 12 month low of $10.36 and a 12 month high of $17.47.