Wise (LON:WISE) Stock Price Up 15.6% Following Analyst Upgrade

Wise plc (LON:WISE)’s share price traded up 15.6% during 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 were traded during mid-day trading, an increase of 477% from the average session volume of 9,473,773 shares. The stock had previously closed at GBX 834.

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

Wise Stock Down 1.2%

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 company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The stock has a fifty day moving average price of GBX 877.76 and a 200 day moving average price of GBX 982.67.

Wise (LON:WISE) last issued its quarterly earnings data on Thursday, November 6th. The company reported GBX 18.23 EPS for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. On average, research analysts forecast 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.