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

Jefferies Financial Group restated their buy rating on shares of Wise (LON:WISE) in a research report report published on Friday,Digital Look reports. The brokerage currently has a GBX 1,239 price target on the stock.

Several other brokerages have also weighed in on WISE. Canaccord Genuity Group assumed coverage on shares of Wise in a research report on Wednesday, September 2nd. They set a “buy” rating and a GBX 1,171 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of 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, Peel Hunt reissued a “hold” rating and issued a GBX 900 price target on shares of Wise in a research report on Friday, July 24th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,192.

Wise Trading Down 7.7%

Wise stock 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 market cap of £8.20 billion, a P/E ratio of 17.20, a PEG ratio of 1.28 and a beta of 0.55. The company has a debt-to-equity ratio of 25.12, a quick ratio of 0.06 and a current ratio of 1,467.09. The firm’s 50-day moving average is GBX 908.69 and its 200-day moving average is GBX 926.77.

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.