Wise (LON:WISE) Shares Up 16% – Time to Buy?

Wise plc (LON:WISE)’s stock price traded up 16% during trading on Tuesday . The stock traded as high as GBX 982.77 and last traded at GBX 967.50. 8,586,724 shares were traded during trading, an increase of 45% from the average session volume of 5,931,393 shares. The stock had previously closed at GBX 834.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WISE shares. 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 report on Tuesday, November 11th. Berenberg Bank reissued a “buy” rating and set a GBX 1,330 price target on shares of Wise in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of GBX 1,352.50.

Wise Stock Up 16.0%

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 firm’s 50 day moving average price is GBX 876.80 and its two-hundred day moving average price is GBX 983.27. The company has a market capitalization of £9.68 billion, a price-to-earnings ratio of 26.16, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last posted its quarterly earnings results on Thursday, November 6th. The company reported GBX 18.23 EPS for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. Sell-side analysts anticipate that Wise plc will post 37.7347752 earnings per share for the current fiscal year.

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.