JPMorgan Chase & Co. Has Lowered Expectations for Wise (LON:WISE) Stock Price

Wise (LON:WISE) had its target price cut by equities research analysts at JPMorgan Chase & Co. from GBX 1,410 ($18.70) to GBX 1,380 ($18.30) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 34.50% from the company’s previous close.

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 1,270 ($16.84) price target on shares of Wise in a research note on Thursday, July 17th.

Wise Stock Performance

Shares of WISE stock opened at GBX 1,026 ($13.60) on Tuesday. The firm has a market capitalization of £10.46 billion, a PE ratio of 31.02, a P/E/G ratio of 1.28 and a beta of 0.75. The company has a 50 day moving average price of GBX 1,069.48 and a 200-day moving average price of GBX 1,027.36. Wise has a 52 week low of GBX 624.50 ($8.28) and a 52 week high of GBX 1,225 ($16.24). The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88.

Wise (LON:WISE) last posted its quarterly earnings data on Thursday, June 5th. The company reported GBX 40.37 ($0.54) EPS for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. As a group, equities research analysts expect that Wise will post 37.7347752 earnings per share for the current year.

Insider Activity at Wise

In other Wise news, insider Clare Gilmartin sold 48,360 shares of Wise stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.03), for a total transaction of £511,648.80 ($678,399.36). Company insiders own 23.65% of the company’s stock.

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.