JPMorgan Chase & Co. Lowers Wise (LON:WISE) Price Target to GBX 1,300

Wise (LON:WISE) had its price target reduced by investment analysts at JPMorgan Chase & Co. from GBX 1,320 to GBX 1,300 in a report issued on Friday, Marketbeat reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 37.86% from the stock’s previous close.

WISE has been the subject of a number of other research reports. Berenberg Bank restated a “buy” rating on shares of Wise in a research report on Thursday, June 11th. Jefferies Financial Group reduced their price target on shares of Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating on the stock in a report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,296.33.

Wise Trading Down 0.6%

Shares of WISE opened at GBX 943 on Friday. The firm has a market cap of £9.31 billion, a P/E ratio of 19.47, a price-to-earnings-growth ratio of 1.28 and a beta of 0.52. The company has a debt-to-equity ratio of 25.12, a current ratio of 1,467.09 and a quick ratio of 0.06. Wise has a 1 year low of GBX 754 and a 1 year high of GBX 1,164. The company has a 50 day simple moving average of GBX 901.24 and a two-hundred day simple moving average of GBX 917.43.

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.