Wise (LON:WISE) Stock Price Up 16% After Analyst Upgrade

Wise plc (LON:WISE) shares were up 16% during mid-day trading on Wednesday 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 967.50. Approximately 8,586,854 shares were traded during trading, an increase of 45% from the average daily volume of 5,931,403 shares. The stock had previously closed at GBX 834.

A number of other brokerages have also weighed in on WISE. Berenberg Bank increased 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. JPMorgan Chase & Co. lifted their price objective on shares of Wise from GBX 1,375 to GBX 1,385 and gave the company an “overweight” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating, According to MarketBeat, Wise has an average rating of “Buy” and a consensus target price of GBX 1,344.67.

Key Headlines Impacting Wise

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 Stock Down 0.2%

The business has a 50 day moving average price of GBX 878.80 and a 200 day moving average price of GBX 982.64. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88. The stock has a market cap of £9.74 billion, a PE ratio of 26.30, a P/E/G ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last posted its earnings results 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%. Equities research analysts expect that Wise plc will post 37.7347752 EPS for the current fiscal year.

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. 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.