Peel Hunt Reaffirms Hold Rating for Wise (LON:WISE)

Wise (LON:WISE)‘s stock had its “hold” rating restated by research analysts at Peel Hunt in a report issued on Friday,Digital Look reports. They presently have a GBX 900 price target on the stock. Peel Hunt’s target price would indicate a potential upside of 6.08% from the stock’s current price.

WISE has been the subject of a number of other research reports. Jefferies Financial Group lowered their price target on Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating for the company in a report on Thursday, July 9th. Berenberg Bank reissued a “buy” rating on shares of Wise in a research report on Thursday, June 11th. Finally, JPMorgan Chase & Co. reduced 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 report on Friday, July 17th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,197.25.

Wise Stock Down 6.3%

Shares of Wise stock traded down GBX 56.98 on Friday, hitting GBX 848.42. The company had a trading volume of 10,710,852 shares, compared to its average volume of 15,623,213. The stock has a 50-day moving average of GBX 892.46 and a 200-day moving average of GBX 918.57. Wise has a twelve month low of GBX 754 and a twelve month high of GBX 1,164. The company has a debt-to-equity ratio of 25.12, a current ratio of 1,467.09 and a quick ratio of 0.06. The firm has a market capitalization of £8.38 billion, a P/E ratio of 17.52, a P/E/G ratio of 1.28 and a beta of 0.52.

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.