Wise (LON:WISE) Price Target Cut to GBX 1,239 by Analysts at Jefferies Financial Group

Wise (LON:WISE) had its price target reduced by Jefferies Financial Group from GBX 1,299 to GBX 1,239 in a research note issued on Thursday,London Stock Exchange reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s target price suggests a potential upside of 30.56% from the stock’s previous close.

Several other equities analysts have also commented on WISE. JPMorgan Chase & Co. raised their price target on Wise from GBX 1,260 to GBX 1,320 and gave the company an “overweight” rating in a research note on Monday. Berenberg Bank reiterated a “buy” rating on shares of Wise in a report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise currently has an average rating of “Buy” and a consensus target price of GBX 1,303.

Wise Trading Down 1.2%

WISE opened at GBX 949 on Thursday. The stock’s fifty day moving average is GBX 916.90 and its two-hundred day moving average is GBX 915.04. The company has a market capitalization of £9.37 billion, a P/E ratio of 19.60, a PEG ratio of 1.28 and a beta of 0.52. Wise has a 52 week low of GBX 754 and a 52 week high of GBX 1,164. The company has a quick ratio of 0.06, a current ratio of 1,467.09 and a debt-to-equity ratio of 25.12.

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.