JPMorgan Chase & Co. Has Lowered Expectations for Wise (LON:WISE) Stock Price

Wise (LON:WISE) had its price objective decreased by equities researchers at JPMorgan Chase & Co. from GBX 1,320 to GBX 1,300 in a report released on Friday,London Stock Exchange reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 43.49% from the stock’s previous close.

WISE has been the topic of a number of other reports. Jefferies Financial Group cut their target price on shares of Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating on the stock in a report on Thursday, July 9th. Berenberg Bank reissued 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 MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 1,296.33.

Wise Trading Down 4.5%

LON:WISE opened at GBX 906 on Friday. The company has a market capitalization of £8.95 billion, a PE ratio of 18.71, 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 stock’s 50 day moving average price is GBX 903.58 and its 200 day moving average price is GBX 917.25. The company has a quick ratio of 0.06, a current ratio of 1,467.09 and a debt-to-equity ratio of 25.12.

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.