JPMorgan Chase & Co. Issues Positive Forecast for Wise (LON:WISE) Stock Price

Wise (LON:WISE) had its target price upped by JPMorgan Chase & Co. from GBX 1,375 to GBX 1,385 in a research note released on Thursday morning, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Separately, Berenberg Bank upped their target price on shares of Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise presently has a consensus rating of “Buy” and an average price target of GBX 1,344.67.

Wise Stock Down 0.1%

Shares of WISE opened at GBX 979.16 on Thursday. The stock’s 50-day moving average price is GBX 878.80 and its two-hundred day moving average price is GBX 982.64. Wise has a 12 month low of GBX 793 and a 12 month high of GBX 1,225. The company has a market capitalization of £9.80 billion, a PE ratio of 26.47, a PEG ratio of 1.28 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88.

Wise (LON:WISE) last posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 18.23 earnings per share for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. On average, analysts anticipate that Wise will post 37.7347752 EPS for the current year.

Key Headlines Impacting Wise

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Jefferies raised its price target on WISE from GBX 1,231 to GBX 1,299 and maintained a “buy” rating — this upgrade signals confidence in Wise’s growth/profitability outlook and can attract buyers. Read More. Read More.
• Positive Sentiment: JPMorgan lifted its target slightly (GBX 1,375 → GBX 1,385) and kept an “overweight” rating — a top-tier bank staying constructive may support momentum and flows into the stock. Read More. Read More. Read More.
• Positive Sentiment: Berenberg raised its target from GBX 1,330 to GBX 1,350 and kept a “buy” — another buy-side upgrade adding to consensus upside and validating management’s trajectory. Read More. Read More.

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.