Wise’s (WISE) “Buy” Rating Reaffirmed at Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued on Friday, Digital Look reports. They currently have a GBX 1,239 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 41.18% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. decreased their price target on shares of Wise from GBX 1,320 to GBX 1,300 and set an “overweight” rating on the stock in a research note on Friday, July 17th. Canaccord Genuity Group began coverage on shares of Wise in a research report on Wednesday, September 2nd. They issued a “buy” rating and a GBX 1,171 price objective for the company. Finally, Peel Hunt reaffirmed a “hold” rating and set a GBX 900 price objective on shares of Wise in a report on Friday, July 24th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 1,192.

Wise Trading Down 2.8%

Shares of LON WISE opened at GBX 877.60 on Friday. Wise has a 1-year low of GBX 754 and a 1-year high of GBX 1,101.50. The company has a market cap of £8.63 billion, a PE ratio of 18.12, a P/E/G ratio of 1.28 and a beta of 0.55. 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 company has a 50-day moving average of GBX 910.53 and a two-hundred day moving average of GBX 927.21.

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.