Wise (LON:WISE) Stock Keeps “Buy” Rating at Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating restated by Jefferies Financial Group in a note issued to investors on Friday, October 16th, Digital Look reports. They currently have a GBX 1,239 target price on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 50.29% from the company’s previous close.

A number of other brokerages have also recently issued reports on WISE. Canaccord Genuity Group initiated coverage on Wise in a report on Wednesday, September 2nd. They issued a “buy” rating and a GBX 1,171 target price on the stock. Peel Hunt reiterated a “hold” rating and set a GBX 900 price objective on shares of Wise in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Wise from GBX 1,320 to GBX 1,300 and set an “overweight” rating on the stock in a research report on Friday, July 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Wise has an average rating of “Moderate Buy” and a consensus price target of GBX 1,192.

Wise Stock Down 0.1%

LON:WISE traded down GBX 1 on Friday, hitting GBX 824.40. The stock had a trading volume of 57,529,875 shares, compared to its average volume of 15,202,153. 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 has a 52 week low of GBX 754 and a 52 week high of GBX 1,101.50. The business’s fifty day moving average is GBX 900.54 and its 200 day moving average is GBX 924.29. The company has a market cap of £8.11 billion, a PE ratio of 17.02, a P/E/G ratio of 1.28 and a beta of 0.55.

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.