Wise (LON:WISE) Receives Buy Rating from Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Financial Group in a report released on Friday,London Stock Exchange reports. They presently have a GBX 1,299 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 33.72% from the stock’s current price.

Several other analysts also recently issued reports on WISE. Berenberg Bank upped their price target on shares of Wise from GBX 1,330 to GBX 1,350 and gave the company a “buy” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. reduced their price target on shares of Wise from GBX 1,385 to GBX 1,225 and set an “overweight” rating on the stock in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,291.33.

Wise Stock Up 0.7%

WISE stock opened at GBX 971.40 on Friday. The company has a market cap of £9.72 billion, a P/E ratio of 26.26, a P/E/G ratio of 1.28 and a beta of 0.47. Wise has a 52 week low of GBX 793 and a 52 week high of GBX 1,225. The company’s 50-day moving average price is GBX 891.89 and its 200 day moving average price is GBX 916.57. The company has a current ratio of 140.08, a quick ratio of 0.06 and a debt-to-equity ratio of 21.03.

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.