Wise (LON:WISE) Trading Up 12.6% – Time to Buy?

Wise plc (LON:WISE)’s share price shot up 12.6% on Tuesday . The stock traded as high as GBX 942.50 and last traded at GBX 939.50. 53,442,258 shares were traded during mid-day trading, an increase of 470% from the average session volume of 9,381,818 shares. The stock had previously closed at GBX 834.

Analyst Ratings Changes

WISE has been the subject of a number of research reports. JPMorgan Chase & Co. lowered their price target 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 reissued a “buy” rating and set a GBX 1,330 target price on shares of Wise in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 1,352.50.

Wise Trading Up 12.6%

The business has a 50-day moving average price of GBX 876.80 and a 200-day moving average price of GBX 983.27. The firm has a market capitalization of £9.40 billion, a P/E ratio of 25.40, a PEG ratio of 1.28 and a beta of 0.75. The company has a quick ratio of 0.06, a current ratio of 1.06 and a debt-to-equity ratio of 22.88.

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