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

Wise (LON:WISE) had its target price increased by JPMorgan Chase & Co. from GBX 1,225 to GBX 1,260 in a report published on Friday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the company. Berenberg Bank boosted their price target on Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,299 price target on shares of Wise in a report on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 1,303.

Wise Stock Performance

LON:WISE opened at GBX 1,090.97 on Friday. The stock has a market cap of £10.92 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 1.28 and a beta of 0.47. The company has a current ratio of 140.08, a quick ratio of 0.06 and a debt-to-equity ratio of 21.03. The stock’s 50-day moving average is GBX 906.38 and its 200-day moving average is GBX 915.25. Wise has a 1-year low of GBX 793 and a 1-year high of GBX 1,225.

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.