Wise (LON:WISE) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Wise (LON:WISE) had its price objective upped by Jefferies Financial Group from GBX 1,231 to GBX 1,299 in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 33.07% from the company’s current price.

A number of other research firms also recently weighed in on WISE. JPMorgan Chase & Co. upped their price target on Wise from GBX 1,375 to GBX 1,385 and gave the stock an “overweight” rating in a research report on Thursday. Berenberg Bank boosted their price objective on shares of Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research report on Tuesday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 1,344.67.

Wise Stock Performance

WISE opened at GBX 976.21 on Thursday. The company has a market capitalization of £9.77 billion, a price-to-earnings ratio of 26.39, a P/E/G ratio of 1.28 and a beta of 0.75. The business’s 50-day moving average price is GBX 879.83 and its two-hundred day moving average price is GBX 982.10. Wise has a 1 year low of GBX 793 and a 1 year high of GBX 1,225. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06.

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

Wise Company Profile

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.