Peel Hunt Reaffirms Hold Rating for Wise (LON:WISE)

Wise (LON:WISE)‘s stock had its “hold” rating reaffirmed by equities researchers at Peel Hunt in a report released on Friday,Digital Look reports. They presently have a GBX 900 price target on the stock. Peel Hunt’s price objective would suggest a potential upside of 4.53% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut their target price on Wise from GBX 1,320 to GBX 1,300 and set an “overweight” rating on the stock in a report on Friday, July 17th. Jefferies Financial Group decreased their price target on shares of Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Berenberg Bank restated a “buy” rating on shares of Wise in a report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,197.25.

Wise Stock Down 4.9%

Shares of LON:WISE opened at GBX 861 on Friday. The company has a debt-to-equity ratio of 25.12, a quick ratio of 0.06 and a current ratio of 1,467.09. Wise has a 52-week low of GBX 754 and a 52-week high of GBX 1,164. The business’s 50 day simple moving average is GBX 890.90 and its two-hundred day simple moving average is GBX 918.16. The firm has a market cap of £8.50 billion, a P/E ratio of 17.78, a PEG ratio of 1.28 and a beta of 0.52.

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.