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

Wise (LON:WISE) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,375 to GBX 1,385 in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Separately, Berenberg Bank boosted their price target on shares of Wise from GBX 1,330 to GBX 1,350 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,344.67.

Wise Price Performance

Shares of WISE opened at GBX 976.21 on Thursday. Wise has a fifty-two week low of GBX 793 and a fifty-two week high of GBX 1,225. The company has a 50 day moving average price of GBX 879.83 and a 200-day moving average price of GBX 981.33. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. The stock has a market capitalization of £9.77 billion, a PE ratio of 26.39, a PEG ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last released its earnings results on Thursday, November 6th. The company reported GBX 18.23 earnings per share (EPS) for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. Equities analysts predict 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.