JPMorgan Chase & Co. Increases Wise (LON:WISE) Price Target to GBX 1,320

Wise (LON:WISE) had its price target hoisted by investment analysts at JPMorgan Chase & Co. from GBX 1,260 to GBX 1,320 in a research report issued to clients and investors on Monday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 34.56% from the stock’s previous close.

A number of other equities analysts have also issued reports on WISE. Berenberg Bank reissued a “buy” rating on shares of Wise in a report on Thursday, June 11th. Jefferies Financial Group reissued a “buy” rating and set a GBX 1,299 target price on shares of Wise in a report on Monday, June 22nd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of GBX 1,323.

Wise Stock Up 1.5%

Shares of Wise stock opened at GBX 980.95 on Monday. The stock has a market capitalization of £9.81 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.28 and a beta of 0.52. Wise has a twelve month low of GBX 754 and a twelve month high of GBX 1,164. The company has a current ratio of 1,467.09, a quick ratio of 0.06 and a debt-to-equity ratio of 25.12. The business’s 50 day simple moving average is GBX 921.86 and its 200-day simple moving average is GBX 913.34.

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.