JPMorgan Chase & Co. Cuts Wise (LON:WISE) Price Target to GBX 1,300

Wise (LON:WISE) had its target price reduced by JPMorgan Chase & Co. from GBX 1,320 to GBX 1,300 in a research note issued to investors on Friday, Marketbeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts have also recently issued research reports about the company. Berenberg Bank reiterated a “buy” rating on shares of Wise in a report on Thursday, June 11th. Jefferies Financial Group dropped their target price on shares of Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating for the company in a research report on Thursday, July 9th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,296.33.

Wise Stock Performance

Shares of LON:WISE opened at GBX 943 on Friday. The firm has a market capitalization of £9.31 billion, a PE ratio of 19.47, a P/E/G ratio of 1.28 and a beta of 0.52. 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 business has a 50-day moving average of GBX 901.24 and a two-hundred day moving average of GBX 917.59. Wise has a 12 month low of GBX 754 and a 12 month high of GBX 1,164.

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.