Wise’s (WISE) “Buy” Rating Reiterated at Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a note issued to investors on Friday, Digital Look reports. They presently have a GBX 1,239 price target on the stock. Jefferies Financial Group’s target price points to a potential upside of 48.70% from the company’s previous close.

WISE has been the topic of a number of other research reports. Canaccord Genuity Group began coverage on Wise in a research note on Wednesday, September 2nd. They issued a “buy” rating and a GBX 1,171 target price on the stock. Peel Hunt reissued a “hold” rating and issued a GBX 900 target price 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 note on Friday, July 17th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Wise has a consensus rating of “Moderate Buy” and an average price target of GBX 1,192.

Wise Stock Performance

WISE traded down GBX 69.40 during trading hours on Friday, hitting GBX 833.20. The stock had a trading volume of 3,777,418 shares, compared to its average volume of 15,247,508. Wise has a 1 year low of GBX 754 and a 1 year high of GBX 1,101.50. The company’s fifty day simple moving average is GBX 910.53 and its 200 day simple moving average is GBX 927.21. 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. The stock has a market cap of £8.20 billion, a PE ratio of 17.20, a price-to-earnings-growth ratio of 1.28 and a beta of 0.55.

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.