Wise (LON:WISE) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Wise (LON:WISE) had its target price lifted by analysts at JPMorgan Chase & Co. from GBX 1,225 to GBX 1,260 in a report issued on Friday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 15.49% from the stock’s current price.

Other research analysts also recently issued reports about the company. Berenberg Bank upped their price objective on Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,299 price objective on shares of Wise in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Wise has a consensus rating of “Buy” and a consensus price target of GBX 1,303.

Wise Price Performance

Shares of WISE opened at GBX 1,090.97 on Friday. The company has a market cap of £10.92 billion, a P/E ratio of 29.49, a PEG ratio of 1.28 and a beta of 0.47. The stock has a fifty day moving average price of GBX 906.38 and a 200 day moving average price of GBX 914.41. The company has a debt-to-equity ratio of 21.03, a current ratio of 140.08 and a quick ratio of 0.06. Wise has a 12 month low of GBX 793 and a 12 month high of GBX 1,225.

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.