JPMorgan Chase & Co. Issues Pessimistic Forecast for Wise (LON:WISE) Stock Price

Wise (LON:WISE) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from GBX 1,380 to GBX 1,375 in a research note issued to investors on Tuesday,London Stock Exchange reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 45.43% from the stock’s previous close.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,330 price objective on shares of Wise in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,352.50.

Wise Price Performance

Shares of LON WISE traded up GBX 20.50 during midday trading on Tuesday, hitting GBX 945.50. The company had a trading volume of 1,406,567 shares, compared to its average volume of 5,068,391. The firm has a market capitalization of £9.55 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. Wise has a twelve month low of GBX 726 and a twelve month high of GBX 1,225. The business has a 50-day simple moving average of GBX 1,029.73 and a two-hundred day simple moving average of GBX 1,047.88. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88.

Wise (LON:WISE) last released its quarterly earnings data on Thursday, November 6th. The company reported GBX 18.23 earnings per share for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. Equities research analysts anticipate that Wise will post 37.7347752 earnings per share for the current year.

Insider Activity

In other news, insider David Wells sold 100,000 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of GBX 991, for a total transaction of £991,000. 36.61% of the stock is currently owned by insiders.

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.