Wise (LON:WISE) Shares Up 16% Following Analyst Upgrade

Wise plc (LON:WISE) was up 16% during 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 mid-day trading, an increase of 45% from the average daily volume of 5,931,403 shares. The stock had previously closed at GBX 834.

Several other equities research analysts have also recently issued reports on the company. Berenberg Bank boosted their price target on Wise from GBX 1,330 to GBX 1,350 and gave the company a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. boosted their price target on Wise from GBX 1,375 to GBX 1,385 and gave the company an “overweight” rating in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 1,344.67.

Wise News Summary

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 Trading Down 0.2%

The company has a market capitalization of £9.74 billion, a price-to-earnings ratio of 26.30, a P/E/G ratio of 1.28 and a beta of 0.75. 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 business’s 50 day moving average price is GBX 878.80 and its two-hundred day moving average price is GBX 982.64.

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, equities analysts predict that Wise plc will post 37.7347752 earnings per share for the current fiscal 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.