Wise (LON:WISE) Price Target Lowered to GBX 1,380 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. has lowered its price target for Wise from GBX 1,410 to GBX 1,380 while maintaining an "overweight" rating, suggesting a potential upside of 34.24%.
• Berenberg Bank has reissued a "buy" rating on Wise with a price target of GBX 1,270.
• Wise recently reported earnings per share of GBX 40.37 ($0.54) and has a market capitalization of £10.48 billion.

Wise (LON:WISE - Get Free Report) had its target price cut by equities researchers at JPMorgan Chase & Co. from GBX 1,410 ($18.70) to GBX 1,380 ($18.30) in a report issued on Tuesday, MarketBeat.com reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 34.50% from the stock's previous close.

Separately, Berenberg Bank reissued a "buy" rating and issued a GBX 1,270 ($16.84) target price on shares of Wise in a report on Thursday, July 17th.

Wise Stock Performance

Shares of LON:WISE traded up GBX 15 ($0.20) during trading on Tuesday, hitting GBX 1,026 ($13.60). The company's stock had a trading volume of 1,024,892 shares, compared to its average volume of 6,049,718. The company has a 50-day moving average of GBX 1,069.48 and a 200-day moving average of GBX 1,027.36. Wise has a 12 month low of GBX 624.50 ($8.28) and a 12 month high of GBX 1,225 ($16.24). The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The firm has a market cap of £10.46 billion, a price-to-earnings ratio of 31.02, a P/E/G ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE - Get Free Report) last released its earnings results on Thursday, June 5th. The company reported GBX 40.37 ($0.54) earnings per share (EPS) for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. On average, sell-side analysts expect that Wise will post 37.7347752 earnings per share for the current year.

Insider Buying and Selling at Wise

In related news, insider Clare Gilmartin sold 48,360 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.03), for a total value of £511,648.80 ($678,399.36). Company insiders own 23.65% of the company's stock.

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.