Berenberg Bank Issues Positive Forecast for Wise (LON:WISE) Stock Price

Wise (LON:WISE) had its target price hoisted by Berenberg Bank from GBX 1,330 to GBX 1,350 in a report released on Tuesday morning, Marketbeat.com reports. The firm currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on shares of Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating on the stock in a report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of GBX 1,362.50.

Wise Stock Performance

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

Wise (LON:WISE) last posted its 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%. As a group, research analysts forecast that Wise will post 37.7347752 earnings per share for the current year.

More Wise News

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Berenberg raised its price target for Wise from GBX 1,330 to GBX 1,350 and kept a “buy” rating — this adds credible analyst upside (target sits well above current levels) and can support further upside as investors reprice the shares. Digital Look – Berenberg raises WISE target to GBX 1,350
• Positive Sentiment: Bloomberg reports Wise is on track for a US–UK dual listing and has raised income ~21%; management’s improved guidance and progress on a dual listing lift the company’s addressable investor base and could reduce custody/liquidity frictions for US investors. Wise Shares Surge on Earnings Guidance as Dual Listing on Track
• Neutral Sentiment: Coverage roundup: American Banking News flags the recent sharp share move (a ~12.6% run noted in the piece) and asks what’s next — useful for traders assessing momentum and potential profit-taking; investors should weigh momentum against valuation (WISE trades with a mid-20s P/E and PEG ~1.3). American Banking News – Wise Stock Price Up 12.6%

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.