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

Key Points

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Wise (LON:WISE - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at JPMorgan Chase & Co. in a research report issued on Tuesday, MarketBeat Ratings reports. They presently have a GBX 1,380 ($18.64) price objective on the stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 29.46% from the company's previous close.

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,270 ($17.16) target price on shares of Wise in a report on Thursday, July 17th.

Wise Trading Down 0.3%

LON:WISE opened at GBX 1,066 ($14.40) on Tuesday. The stock has a 50-day simple moving average of GBX 1,052.61 and a 200-day simple moving average of GBX 1,023.99. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. The stock has a market cap of £10.87 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.28 and a beta of 0.75. Wise has a 1 year low of GBX 624.50 ($8.44) and a 1 year high of GBX 1,225 ($16.55).

Wise (LON:WISE - Get Free Report) last released its quarterly earnings results on Thursday, June 5th. The company reported GBX 40.37 ($0.55) earnings per share (EPS) for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. As a group, analysts anticipate that Wise will post 37.7347752 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Clare Gilmartin sold 48,360 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.29), for a total transaction of £511,648.80 ($691,137.11). 23.65% of the stock is currently owned by insiders.

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.

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