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

Wise (LON:WISE)‘s stock had its “buy” rating restated by equities 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 1,239 price target on the stock. Jefferies Financial Group’s target price would suggest a potential upside of 48.70% from the company’s previous close.

A number of other equities analysts also recently commented on WISE. Peel Hunt reaffirmed a “hold” rating and issued a GBX 900 price objective on shares of Wise in a report on Friday, July 24th. JPMorgan Chase & Co. reduced their price objective on Wise from GBX 1,320 to GBX 1,300 and set an “overweight” rating for the company in a research report on Friday, July 17th. Finally, Canaccord Genuity Group assumed coverage on shares of Wise in a research report on Wednesday, September 2nd. They issued a “buy” rating and a GBX 1,171 target price for the company. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,192.

Wise Price Performance

Shares of LON WISE opened at GBX 833.20 on Friday. Wise has a 1-year low of GBX 754 and a 1-year high of GBX 1,101.50. The company has a debt-to-equity ratio of 25.12, a current ratio of 1,467.09 and a quick ratio of 0.06. The company has a market capitalization of £8.20 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 1.28 and a beta of 0.55. The business has a 50-day moving average of GBX 908.69 and a 200-day moving average of GBX 926.77.

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.