Wise (LON:WISE) Trading 14% Higher on Analyst Upgrade

Wise plc (LON:WISE)’s share price traded up 14% 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 982.77 and last traded at GBX 951. 57,002,137 shares were traded during mid-day trading, an increase of 490% from the average session volume of 9,655,655 shares. The stock had previously closed at GBX 834.

A number of other research firms have also recently weighed in on WISE. Berenberg Bank increased their price objective on shares of Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research report on Tuesday. JPMorgan Chase & Co. upped their price target on Wise from GBX 1,375 to GBX 1,385 and gave the stock an “overweight” rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise has a consensus rating of “Buy” and a consensus price target of GBX 1,344.67.

Key Wise News

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Jefferies raised its price target on WISE from GBX 1,231 to GBX 1,299 and maintained a “buy” rating — this upgrade signals confidence in Wise’s growth/profitability outlook and can attract buyers. Read More. Read More.
• Positive Sentiment: JPMorgan lifted its target slightly (GBX 1,375 → GBX 1,385) and kept an “overweight” rating — a top-tier bank staying constructive may support momentum and flows into the stock. Read More. Read More. Read More.
• Positive Sentiment: Berenberg raised its target from GBX 1,330 to GBX 1,350 and kept a “buy” — another buy-side upgrade adding to consensus upside and validating management’s trajectory. Read More. Read More.

Wise Price Performance

The stock has a fifty day simple moving average of GBX 878.80 and a 200-day simple moving average of GBX 982.64. The company has a market capitalization of £9.80 billion, a PE ratio of 26.47, a P/E/G 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.

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