JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Wise (LON:WISE) Stock

Wise (LON:WISE) had its price target upped by equities researchers at JPMorgan Chase & Co. from GBX 1,375 to GBX 1,385 in a research note issued on Thursday, MarketBeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 41.87% from the company’s current price.

Separately, Berenberg Bank raised their price objective on shares of Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,344.67.

Wise Stock Up 0.2%

Shares of LON WISE opened at GBX 976.21 on Thursday. Wise has a 52-week low of GBX 793 and a 52-week high of GBX 1,225. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. The business has a fifty day moving average of GBX 879.83 and a two-hundred day moving average of GBX 982.10. The stock has a market cap of £9.77 billion, a PE ratio of 26.39, a PEG ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last announced its earnings results on Thursday, November 6th. The company reported GBX 18.23 earnings per share (EPS) for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. As a group, equities research analysts expect that Wise will post 37.7347752 earnings per share for the current fiscal year.

About Wise

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services. The company was formerly known as 456 Newco plc and changed its name to Wise plc in June 2021. Wise plc was founded in 2010 and is based in London, the United Kingdom.