Wise (LON:WISE) Trading 15.6% Higher – What’s Next?

Wise plc (LON:WISE)’s stock price was up 15.6% during mid-day trading on Tuesday . The stock traded as high as GBX 964.50 and last traded at GBX 963.88. Approximately 54,637,676 shares changed hands during mid-day trading, an increase of 477% from the average daily volume of 9,473,773 shares. The stock had previously closed at GBX 834.

Analysts Set New Price Targets

WISE has been the subject of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating for the company in a research note on Tuesday, November 11th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,330 price target on shares of Wise in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,352.50.

Wise Stock Up 15.6%

The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. The company has a 50-day simple moving average of GBX 876.80 and a 200 day simple moving average of GBX 983.27. The company has a market cap of £9.65 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.28 and a beta of 0.75.

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