JPMorgan Chase & Co. Increases Wise (LON:WISE) Price Target to GBX 1,320

Wise (LON:WISE) had its price target upped by stock analysts at JPMorgan Chase & Co. from GBX 1,260 to GBX 1,320 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 34.56% from the stock’s current price.

Several other research analysts also recently weighed in on the stock. Berenberg Bank restated a “buy” rating on shares of Wise in a research note on Thursday, June 11th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,299 price objective on shares of Wise in a report on Monday, June 22nd. Three investment 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 a consensus price target of GBX 1,323.

Wise Stock Up 1.5%

LON WISE opened at GBX 980.95 on Monday. The stock has a market cap of £9.81 billion, a PE ratio of 20.25, a P/E/G ratio of 1.28 and a beta of 0.52. Wise has a fifty-two week low of GBX 754 and a fifty-two week high of GBX 1,164. The business has a 50 day moving average price of GBX 921.86 and a two-hundred day moving average price of GBX 913.34. The company has a quick ratio of 0.06, a current ratio of 1,467.09 and a debt-to-equity ratio of 25.12.

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.