Wise (LON:WISE) Trading Up 7.1% – Time to Buy?

Wise plc (LON:WISE – Get Free Report)’s stock price rose 7.1% during trading on Friday . The company traded as high as GBX 912 and last traded at GBX 888.93. Approximately 271,005,938 shares were traded during trading, an increase of 1,424% from the average daily volume of 17,785,766 shares. The stock had previously closed at GBX 830.

Analyst Ratings Changes

WISE has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,299 target price on shares of Wise in a research note on Monday. JPMorgan Chase & Co. boosted their price target on Wise from GBX 1,225 to GBX 1,260 and gave the stock an “overweight” rating in a research note on Friday, April 17th. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Wise in a report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of GBX 1,303.

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Wise Stock Performance

The business’s 50 day simple moving average is GBX 941.84 and its two-hundred day simple moving average is GBX 911.12. The firm has a market capitalization of £8.89 billion, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.28 and a beta of 0.52. The company has a current ratio of 140.08, a quick ratio of 0.06 and a debt-to-equity ratio of 21.03.

Wise Company Profile

(Get Free Report)

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.

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