Wise (LON:WISE) Price Target Raised to GBX 1,385

Wise (LON:WISE) had its price objective upped by equities researchers at JPMorgan Chase & Co. from GBX 1,375 to GBX 1,385 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 42.12% from the company’s previous close.

Separately, Berenberg Bank lifted their target price on shares of Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 1,344.67.

Wise Stock Performance

Shares of WISE stock opened at GBX 974.50 on Thursday. The company has a market capitalization of £9.75 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company’s 50 day moving average price is GBX 877.76 and its two-hundred day moving average price is GBX 982.67. Wise has a 52 week low of GBX 793 and a 52 week high of GBX 1,225. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06.

Wise (LON:WISE) last announced its quarterly earnings data on Thursday, November 6th. The company reported GBX 18.23 earnings per share for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. On average, analysts expect that Wise will post 37.7347752 earnings per share for the current fiscal year.

About Wise

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.