Jefferies Financial Group Forecasts Strong Price Appreciation for Wise (LON:WISE) Stock

Wise (LON:WISE) had its price objective lifted by research analysts at Jefferies Financial Group from GBX 1,231 to GBX 1,299 in a report issued on Thursday, Marketbeat reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 33.30% from the stock’s previous close.

Several other brokerages also recently weighed in on WISE. JPMorgan Chase & Co. boosted their target price on Wise from GBX 1,375 to GBX 1,385 and gave the stock an “overweight” rating in a research note on Thursday. Berenberg Bank raised their price target on Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,344.67.

Wise Stock Down 0.6%

Shares of Wise stock opened at GBX 974.50 on Thursday. Wise has a 52-week low of GBX 793 and a 52-week high of GBX 1,225. The firm’s 50 day moving average price is GBX 877.76 and its 200-day moving average price is GBX 982.67. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88. The company has a market cap of £9.75 billion, a P/E ratio of 26.34, 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 for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. On average, sell-side analysts predict 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.