JPMorgan Chase & Co. Cuts Wise (LON:WISE) Price Target to GBX 1,225

Wise (LON:WISE) had its price target lowered by JPMorgan Chase & Co. from GBX 1,385 to GBX 1,225 in a research report sent to investors on Wednesday, Marketbeat reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other research firms also recently commented on WISE. Berenberg Bank boosted their target price on Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Jefferies Financial Group lifted their price objective 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. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 1,291.33.

Wise Price Performance

Shares of LON:WISE opened at GBX 895.01 on Wednesday. The firm has a market capitalization of £8.96 billion, a price-to-earnings ratio of 24.20, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57. The company has a debt-to-equity ratio of 21.03, a current ratio of 140.08 and a quick ratio of 0.06. The business’s 50 day simple moving average is GBX 887.18 and its 200-day simple moving average is GBX 949.22. 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.