Wise (LON:WISE) Trading Up 7.1% – Still a Buy?

Wise plc (LON:WISE)’s stock price was up 7.1% during mid-day trading on Friday . The stock traded as high as GBX 912 and last traded at GBX 888.93. 271,005,938 shares were traded during mid-day 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

A number of brokerages have recently issued reports on WISE. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,299 target price on shares of Wise in a report on Monday, June 22nd. Berenberg Bank reaffirmed a “buy” rating on shares of Wise in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. upped their price target on Wise from GBX 1,225 to GBX 1,260 and gave the company an “overweight” rating in a research report on Friday, April 17th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Wise presently has an average rating of “Buy” and a consensus target price of GBX 1,303.

Wise Price Performance

The stock has a market capitalization of £8.89 billion, a P/E ratio of 24.03, a PEG ratio of 1.28 and a beta of 0.52. The company’s 50 day simple moving average is GBX 938.12 and its two-hundred day simple moving average is GBX 910.96. The company has a debt-to-equity ratio of 21.03, a current ratio of 140.08 and a quick ratio of 0.06.

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.