Wise (LON:WISE) Trading 15.6% Higher on Analyst Upgrade

Wise plc (LON:WISE)’s stock price traded up 15.6% during mid-day trading on Tuesday after Jefferies Financial Group raised their price target on the stock from GBX 1,231 to GBX 1,299. Jefferies Financial Group currently has a buy rating on the stock. Wise traded as high as GBX 964.50 and last traded at GBX 963.88. 54,637,676 shares changed hands during trading, an increase of 477% from the average session volume of 9,473,773 shares. The stock had previously closed at GBX 834.

WISE has been the topic of a number of other reports. Berenberg Bank lifted their price objective on shares of Wise from GBX 1,330 to GBX 1,350 and gave the company a “buy” rating in a report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Wise from GBX 1,375 to GBX 1,385 and gave the stock an “overweight” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of GBX 1,344.67.

Wise Stock Down 1.2%

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 capitalization of £9.69 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. The stock’s fifty day simple moving average is GBX 877.76 and its two-hundred day simple moving average is GBX 982.67.

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

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. 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.