Wise (LON:WISE) Trading 15.6% Higher Following Analyst Upgrade

Wise plc (LON:WISE) shares traded up 15.6% on Tuesday after Jefferies Financial Group raised their price target on the stock from GBX 1,231 to GBX 1,299. Jefferies Financial Group currently has a buy rating on the stock. Wise traded as high as GBX 964.50 and last traded at GBX 963.88. 54,637,676 shares traded hands during mid-day trading, an increase of 477% from the average session volume of 9,473,773 shares. The stock had previously closed at GBX 834.

Several other equities research analysts have also recently weighed in on WISE. Berenberg Bank upped their target price on Wise from GBX 1,330 to GBX 1,350 and gave the stock a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. upped their price objective on Wise from GBX 1,375 to GBX 1,385 and gave the stock an “overweight” rating in a research report on Thursday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,344.67.

Key Stories Impacting Wise

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Jefferies raised its price target to GBX 1,299 and reiterated a “buy” rating — a signal of increased upside expectations from a major broker. Digital Look London Stock Exchange
• Positive Sentiment: JPMorgan lifted its target modestly to GBX 1,385 and kept an “overweight” rating, supporting continued institutional confidence in Wise’s growth trajectory. Digital Look London Stock Exchange
• Positive Sentiment: Berenberg increased its price target to GBX 1,350 and maintained a “buy” rating, adding to the cluster of analyst upgrades this week. Digital Look London Stock Exchange
• Positive Sentiment: Bloomberg reports Wise is on track for a US–UK dual listing and flagged management guidance showing income up ~21%; that operational momentum explains recent rallies and supports higher analyst targets. Wise Shares Surge on Earnings Guidance as Dual Listing on Track

Wise Price Performance

The business has a 50-day simple moving average of GBX 877.76 and a 200 day simple moving average of GBX 982.67. The stock has a market cap of £9.70 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. 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 (LON:WISE) last issued its quarterly earnings data on Thursday, November 6th. The company reported GBX 18.23 earnings per share (EPS) for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. On average, analysts forecast that Wise plc will post 37.7347752 earnings per share for the current 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.