Wise (LON:WISE) Trading 15.6% Higher – Should You Buy?

Wise plc (LON:WISE)’s stock price rose 15.6% on Tuesday . The stock traded as high as GBX 964.50 and last traded at GBX 963.88. Approximately 54,637,676 shares changed hands during mid-day trading, an increase of 477% from the average daily volume of 9,473,773 shares. The stock had previously closed at GBX 834.

Wall Street Analyst Weigh In

WISE has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of 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 reissued a “buy” rating and issued a GBX 1,330 price objective on shares of Wise in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 1,352.50.

Wise Price Performance

The business’s 50-day simple moving average is GBX 876.80 and its 200 day simple moving average is GBX 983.27. The company has a market capitalization of £9.65 billion, a P/E ratio of 26.06, a P/E/G 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 posted its quarterly earnings data on Thursday, November 6th. The company reported GBX 18.23 earnings per share (EPS) for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. As a group, sell-side analysts anticipate that Wise plc will post 37.7347752 EPS 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.