Wise (LON:WISE) Price Target Lowered to GBX 1,225 at JPMorgan Chase & Co.

Wise (LON:WISE) had its price objective cut by JPMorgan Chase & Co. from GBX 1,385 to GBX 1,225 in a research note issued to investors on Wednesday,London Stock Exchange reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also weighed in on the company. Berenberg Bank lifted 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, January 20th. Jefferies Financial Group increased their price target on shares of Wise from GBX 1,231 to GBX 1,299 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 1,291.33.

Wise Stock Down 2.4%

WISE opened at GBX 876.50 on Wednesday. The stock has a market cap of £8.77 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.28 and a beta of 0.62. The stock’s fifty day simple moving average is GBX 887.34 and its 200 day simple moving average is GBX 950.90. Wise has a 1-year low of GBX 793 and a 1-year high of GBX 1,225. The company has a current ratio of 140.08, a quick ratio of 0.06 and a debt-to-equity ratio of 21.03.

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.