Berenberg Bank Increases Wise (LON:WISE) Price Target to GBX 1,350

Wise (LON:WISE) had its price objective upped by investment analysts at Berenberg Bank from GBX 1,330 to GBX 1,350 in a report released on Tuesday,Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 37.31% from the stock’s previous close.

Separately, JPMorgan Chase & Co. decreased their price objective on 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. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 1,362.50.

Wise Trading Up 1.6%

Shares of Wise stock traded up GBX 15.67 on Tuesday, hitting GBX 983.17. 371,100,750 shares of the company traded hands, compared to its average volume of 31,930,162. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. Wise has a 52 week low of GBX 793 and a 52 week high of GBX 1,225. The stock’s 50 day moving average price is GBX 877.24 and its 200-day moving average price is GBX 982.66. The company has a market cap of £9.84 billion, a PE ratio of 26.58, a PEG ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last announced 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%. Equities research analysts predict that Wise will post 37.7347752 EPS for the current year.

Key Headlines Impacting Wise

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Bloomberg reports Wise is on track for a US–UK dual listing and said income rose about 21%, with company guidance cited as a catalyst for the share rally. Investor takeaways: a dual listing would broaden the shareholder base and improve liquidity in US markets, while the income beat/guidance supports near-term earnings momentum. Wise Shares Surge on Earnings Guidance as Dual Listing on Track
• Neutral Sentiment: An AmericanBankingNews piece recaps the stock’s sharp rise and asks what’s next, noting the price move, heavy trading volume and the need to watch upcoming updates on listing timing and guidance to sustain momentum. For investors this is more of a trading/flow story — monitor official dual-listing timetable, any analyst revisions and near-term trading volume. Wise (LON:WISE) Stock Price Up 12.6% – What’s Next?

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.