Wise (LON:WISE) Stock Rating Reaffirmed as Buy by Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating reissued by equities researchers at Jefferies Financial Group in a research report issued on Friday, Digital Look reports. They presently have a GBX 1,239 price target on the stock. Jefferies Financial Group’s price target suggests a potential upside of 48.70% from the company’s previous close.

Several other equities analysts have also recently weighed in on the company. JPMorgan Chase & Co. cut their price objective 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. Peel Hunt reiterated a “hold” rating and issued a GBX 900 price target on shares of Wise in a report on Friday, July 24th. Finally, Canaccord Genuity Group began coverage on shares of Wise in a report on Wednesday, September 2nd. They issued a “buy” rating and a GBX 1,171 price target for the company. 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 Stock Down 7.7%

LON:WISE opened at GBX 833.20 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 current ratio of 1,467.09, a quick ratio of 0.06 and a debt-to-equity ratio of 25.12. The stock has a market cap of £8.20 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.28 and a beta of 0.55. The stock has a 50-day moving average price of GBX 908.69 and a two-hundred day moving average price of GBX 926.55.

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.