Wise’s (WISE) Buy Rating Reiterated at Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research note issued to investors on Monday,Digital Look reports. They currently have a GBX 1,299 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 56.13% from the stock’s current price.

A number of other equities research analysts have also issued reports on WISE. JPMorgan Chase & Co. upped their price target on Wise from GBX 1,225 to GBX 1,260 and gave the company an “overweight” rating in a research report on Friday, April 17th. Berenberg Bank reaffirmed a “buy” rating on shares of Wise in a research note on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 1,303.

Wise Stock Up 1.7%

WISE stock opened at GBX 832 on Monday. The stock has a market capitalization of £8.32 billion, a P/E ratio of 22.49, a P/E/G ratio of 1.28 and a beta of 0.52. Wise has a 52 week low of GBX 754 and a 52 week high of GBX 1,164. The firm has a 50-day simple moving average of GBX 955.66 and a 200-day simple moving average of GBX 911.99. The company has a quick ratio of 0.06, a current ratio of 140.08 and a debt-to-equity ratio of 21.03.

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.