Jefferies Financial Group Reaffirms Buy Rating for Wise (LON:WISE)

Wise (LON:WISE)‘s stock had its “buy” rating reiterated by investment analysts at Jefferies Financial Group in a note issued to investors on Friday, MarketBeat.com reports. They presently have a GBX 1,299 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 33.85% from the company’s previous close.

A number of other analysts have also recently commented on the company. JPMorgan Chase & Co. lowered their price target on Wise from GBX 1,385 to GBX 1,225 and set an “overweight” rating for the company in a research note on Wednesday, March 4th. Berenberg Bank upped their price target on Wise from GBX 1,330 to GBX 1,350 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,291.33.

Wise Stock Performance

Shares of LON:WISE opened at GBX 970.48 on Friday. The stock has a market capitalization of £9.71 billion, a P/E ratio of 26.24, a P/E/G ratio of 1.28 and a beta of 0.47. 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. The business has a 50-day moving average price of GBX 892.44 and a two-hundred day moving average price of GBX 914.61.

About Wise

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.