Wise’s (WISE) Hold Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their hold rating on shares of Wise (LON:WISE) in a report published on Friday,Digital Look reports. They currently have a GBX 900 price objective on the stock.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on Wise from GBX 1,320 to GBX 1,300 and set an “overweight” rating on the stock in a report on Friday, July 17th. Jefferies Financial Group reduced their price target on shares of Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Finally, Berenberg Bank reissued a “buy” rating on shares of Wise in a report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,197.25.

Wise Stock Performance

Wise stock opened at GBX 861 on Friday. The company has a debt-to-equity ratio of 25.12, a current ratio of 1,467.09 and a quick ratio of 0.06. The stock has a fifty day moving average price of GBX 890.90 and a two-hundred day moving average price of GBX 918.16. Wise has a 52-week low of GBX 754 and a 52-week high of GBX 1,164. The firm has a market capitalization of £8.50 billion, a P/E ratio of 17.78, a P/E/G ratio of 1.28 and a beta of 0.52.

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.