JPMorgan Chase & Co. Reiterates “Overweight” Rating for Wise (LON:WISE)

Wise (LON:WISE)‘s stock had its “overweight” rating restated by JPMorgan Chase & Co. in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They currently have a GBX 1,380 target price on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 28.37% from the company’s previous close.

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,270 price objective on shares of Wise in a report on Thursday, July 17th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of GBX 1,325.

Wise Trading Up 0.6%

Shares of Wise stock opened at GBX 1,075 on Tuesday. The company has a market capitalization of £10.96 billion, a P/E ratio of 32.51, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. The stock has a fifty day simple moving average of GBX 1,052.19 and a 200 day simple moving average of GBX 1,024.65. Wise has a 12-month low of GBX 624.50 and a 12-month high of GBX 1,225.

Wise (LON:WISE) last announced its quarterly earnings data on Thursday, June 5th. The company reported GBX 40.37 earnings per share (EPS) for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. On average, sell-side analysts anticipate that Wise will post 37.7347752 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Wise news, insider Clare Gilmartin sold 48,360 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 1,058, for a total transaction of £511,648.80. Corporate insiders own 23.65% of the company’s stock.

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.