Wise (LON:WISE) Trading 16% Higher – Still a Buy?

Shares of Wise plc (LON:WISE) shot up 16% during mid-day trading on Tuesday . The stock traded as high as GBX 982.77 and last traded at GBX 967.50. 8,586,854 shares were traded during trading, an increase of 45% from the average session volume of 5,931,403 shares. The stock had previously closed at GBX 834.

Key Stories Impacting Wise

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Management says a US‑UK dual listing remains on track and the company reported a ~21% rise in income, which combined with upbeat earnings guidance pushed investor optimism about share liquidity and access to US capital markets. Wise Shares Surge on Earnings Guidance as Dual Listing on Track
• Neutral Sentiment: Market coverage pieces note the stock jumped (double‑digit intraday gains) and discuss potential next moves for traders and longer‑term investors; these commentaries summarize catalysts but add limited new company‑specific information. Wise (LON:WISE) Stock Price Up 12.6% – What’s Next?
• Negative Sentiment: Several senior executives vested share awards and sold portions of their stock to cover tax liabilities. While the filings say the sales were for tax purposes (common practice), insider selling can create short‑term negative perception among some investors. Monitor future insider activity for confirmation of intent. Wise Executives Vest Share Awards and Sell Portions to Cover Tax Liabilities

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WISE shares. JPMorgan Chase & Co. decreased their target price on Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating for the company in a research report on Tuesday, November 11th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,330 price objective on shares of Wise in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 1,352.50.

Wise Stock Up 16.0%

The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The firm’s 50 day moving average price is GBX 877.24 and its two-hundred day moving average price is GBX 982.66. The firm has a market cap of £9.68 billion, a price-to-earnings ratio of 26.16, a P/E/G ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last posted its quarterly earnings data 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%. As a group, sell-side analysts forecast 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.