Wise (LON:WISE) Given New GBX 1,260 Price Target at JPMorgan Chase & Co.

Wise (LON:WISE) had its price objective raised by investment analysts at JPMorgan Chase & Co. from GBX 1,225 to GBX 1,260 in a research note issued on Friday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.12% from the stock’s previous close.

A number of other brokerages also recently commented on WISE. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,299 price objective on shares of Wise in a research report on Friday, April 10th. Berenberg Bank lifted their target price on Wise from GBX 1,330 to GBX 1,350 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise currently has a consensus rating of “Buy” and a consensus target price of GBX 1,303.

Wise Trading Up 0.8%

Wise stock traded up GBX 8.50 during trading on Friday, reaching GBX 1,094.50. 9,931,973 shares of the company were exchanged, compared to its average volume of 7,938,205. Wise has a 52-week low of GBX 793 and a 52-week high of GBX 1,225. The company has a market capitalization of £10.95 billion, a P/E ratio of 29.59, a PEG ratio of 1.28 and a beta of 0.47. 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 stock’s 50 day simple moving average is GBX 902.73 and its two-hundred day simple moving average is GBX 915.16.

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.