Wise’s (WISE) “Buy” Rating Reiterated at Jefferies Financial Group

Wise (LON:WISE)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a GBX 1,299 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 22.55% from the company’s previous close.

Several other brokerages also recently issued reports on WISE. JPMorgan Chase & Co. upped their price target on Wise from GBX 1,225 to GBX 1,260 and gave the stock an “overweight” rating in a report on Friday, April 17th. Berenberg Bank boosted their target price on Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Wise has a consensus rating of “Buy” and an average price target of GBX 1,303.

Wise Trading Down 0.7%

LON:WISE opened at GBX 1,060 on Friday. The firm has a fifty day simple moving average of GBX 952.84 and a two-hundred day simple moving average of GBX 920.21. Wise has a 12 month low of GBX 793 and a 12 month high of GBX 1,225. The stock has a market capitalization of £10.61 billion, a price-to-earnings ratio of 28.66, a PEG ratio of 1.28 and a beta of 0.54. The company has a current ratio of 140.08, a quick ratio of 0.06 and a debt-to-equity ratio of 21.03.

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.