Jefferies Financial Group Has Lowered Expectations for Wise (LON:WISE) Stock Price

Wise (LON:WISE) had its price objective decreased by investment analysts at Jefferies Financial Group from GBX 1,299 to GBX 1,239 in a research report issued on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price indicates a potential upside of 30.56% from the stock’s current price.

WISE has been the topic of a number of other reports. JPMorgan Chase & Co. increased their price objective on shares of Wise from GBX 1,260 to GBX 1,320 and gave the stock an “overweight” rating in a research report on Monday. Berenberg Bank restated a “buy” rating on shares of Wise in a research report on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 1,303.

Wise Price Performance

Wise stock opened at GBX 949 on Thursday. The firm has a 50-day moving average price of GBX 916.90 and a 200-day moving average price of GBX 915.04. The firm has a market capitalization of £9.37 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.28 and a beta of 0.52. The company has a current ratio of 1,467.09, a quick ratio of 0.06 and a debt-to-equity ratio of 25.12. Wise has a 12-month low of GBX 754 and a 12-month high of GBX 1,164.

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.