Peel Hunt Reaffirms Hold Rating for Wise (LON:WISE)

Wise (LON:WISE)‘s stock had its “hold” rating restated by research analysts at Peel Hunt in a research note issued to investors on Friday,Digital Look reports. They presently have a GBX 900 target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 6.08% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. dropped their target price on shares of Wise from GBX 1,320 to GBX 1,300 and set an “overweight” rating on the stock in a report on Friday, July 17th. Berenberg Bank reiterated a “buy” rating on shares of Wise in a research report on Thursday, June 11th. Finally, Jefferies Financial Group decreased 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. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Wise currently has an average rating of “Moderate Buy” and an average price target of GBX 1,197.25.

Wise Stock Down 6.3%

WISE stock traded down GBX 56.98 during midday trading on Friday, reaching GBX 848.42. 10,710,852 shares of the company’s stock traded hands, compared to its average volume of 15,623,213. 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. The company has a market cap of £8.38 billion, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.28 and a beta of 0.52. The firm’s fifty day moving average price is GBX 892.46 and its 200-day moving average price is GBX 918.57. Wise has a 52 week low of GBX 754 and a 52 week 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.