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

Wise (LON:WISE) had its price target reduced by JPMorgan Chase & Co. from GBX 1,385 to GBX 1,225 in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 38.56% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Jefferies Financial Group increased their target price on Wise from GBX 1,231 to GBX 1,299 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Berenberg Bank increased their price objective on shares of Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise presently has a consensus rating of “Buy” and a consensus target price of GBX 1,291.33.

Wise Trading Down 1.6%

Shares of LON WISE opened at GBX 884.07 on Wednesday. The company has a quick ratio of 0.06, a current ratio of 140.08 and a debt-to-equity ratio of 21.03. The stock’s 50 day moving average price is GBX 887.15 and its two-hundred day moving average price is GBX 950.43. Wise has a 52-week low of GBX 793 and a 52-week high of GBX 1,225. The stock has a market capitalization of £8.85 billion, a P/E ratio of 23.90, a PEG ratio of 1.28 and a beta of 0.57.

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.