Wise (LON:WISE) Shares Up 0.8% – What’s Next?

Wise plc (LON:WISE)’s stock price shot up 0.8% during trading on Wednesday . The stock traded as high as GBX 919.50 and last traded at GBX 882. 249,996,250 shares changed hands during trading, an increase of 1,754% from the average session volume of 13,487,734 shares. The stock had previously closed at GBX 875.

Analyst Upgrades and Downgrades

WISE has been the topic of several analyst reports. Berenberg Bank increased 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, January 20th. JPMorgan Chase & Co. lowered their target price on shares of Wise from GBX 1,385 to GBX 1,225 and set an “overweight” rating for the company in a report on Wednesday, March 4th. Finally, Jefferies Financial Group upped their target price on shares of Wise from GBX 1,231 to GBX 1,299 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Wise presently has an average rating of “Buy” and an average target price of GBX 1,291.33.

Wise Stock Up 0.8%

The company has a debt-to-equity ratio of 21.03, a current ratio of 140.08 and a quick ratio of 0.06. The stock has a market cap of £8.83 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57. The firm has a 50 day simple moving average of GBX 893.18 and a two-hundred day simple moving average of GBX 930.11.

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.