Wise (LON:WISE) Given Buy Rating at Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating reissued by analysts at Jefferies Financial Group in a research note issued to investors on Tuesday,London Stock Exchange reports. They currently have a GBX 1,299 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 51.40% from the company’s current price.

Separately, JPMorgan Chase & Co. raised their price objective on shares of Wise from GBX 1,225 to GBX 1,260 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,303.

Wise Price Performance

Wise stock opened at GBX 858 on Tuesday. The stock’s 50 day moving average is GBX 979.62 and its 200 day moving average is GBX 919.38. The company has a debt-to-equity ratio of 21.03, a current ratio of 140.08 and a quick ratio of 0.06. The firm has a market cap of £8.59 billion, a P/E ratio of 23.20, a P/E/G ratio of 1.28 and a beta of 0.54. Wise has a one year low of GBX 754 and a one year high of GBX 1,225.

Wise News Roundup

Here are the key news stories impacting Wise this week:

• Negative Sentiment: Belgian prosecutors are reportedly investigating Wise over alleged weaknesses in its money-laundering controls, which raises compliance and regulatory risk for the business. Wise stock plunges as Belgian prosecutors probe money laundering concerns
• Negative Sentiment: Additional reports said Wise is facing a court summons and broader European scrutiny over alleged money-laundering control failures, reinforcing concern that the issue may expand beyond Belgium. Wise Group Faces Court Summons Over Money Laundering Probe
• Negative Sentiment: Market coverage noted Wise shares fell sharply after the investigation report, indicating investors are quickly pricing in legal and reputational downside. Wise Stock Plunges on Money-Laundering Probe

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.