Wise (LON:WISE) Shares Up 2.5% – Here’s What Happened

Wise plc (LON:WISE) shot up 2.5% during mid-day trading on Friday . The company traded as high as GBX 969 and last traded at GBX 962.39. Approximately 1,166,278 shares were traded during trading, a decline of 93% from the average session volume of 16,915,914 shares. The stock had previously closed at GBX 939.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on WISE shares. Berenberg Bank reiterated a “buy” rating on shares of Wise in a research report on Thursday, June 11th. Jefferies Financial Group lowered their price target on Wise from GBX 1,299 to GBX 1,239 and set a “buy” rating on the stock in a research report on Thursday, July 9th. JPMorgan Chase & Co. dropped their price target on Wise from GBX 1,320 to GBX 1,300 and set an “overweight” rating for the company in a research note on Friday, July 17th. Finally, Peel Hunt reiterated a “hold” rating and issued a GBX 900 price objective on shares of Wise in a report on Friday, July 24th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Wise has a consensus rating of “Moderate Buy” and an average target price of GBX 1,197.25.

Wise Stock Performance

The company has a market cap of £9.50 billion, a P/E ratio of 19.87, a price-to-earnings-growth ratio of 1.28 and a beta of 0.52. The company’s fifty day moving average is GBX 894.23 and its 200 day moving average is GBX 921.63. The company has a current ratio of 1,467.09, a quick ratio of 0.06 and a debt-to-equity ratio of 25.12.

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.