JPMorgan Chase & Co. Cuts Wise (LON:WISE) Price Target to GBX 1,300

Wise (LON:WISE) had its target price lowered by equities research analysts at JPMorgan Chase & Co. from GBX 1,320 to GBX 1,300 in a note issued to investors on Friday,London Stock Exchange reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 43.49% from the company’s previous close.

WISE has been the subject of several other reports. Jefferies Financial Group decreased their price objective on shares of Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating for the company in a research report on Thursday, July 9th. Berenberg Bank reissued a “buy” rating on shares of Wise in a report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Wise has a consensus rating of “Buy” and an average target price of GBX 1,296.33.

Wise Stock Down 4.5%

Shares of LON:WISE opened at GBX 906 on Friday. Wise has a fifty-two week low of GBX 754 and a fifty-two week high of GBX 1,164. The firm’s 50 day moving average price is GBX 903.58 and its 200 day moving average price is GBX 917.25. 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 £8.95 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.28 and a beta of 0.52.

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.