Wise (LON:WISE) Trading Up 0.8% – Here’s What Happened

Wise plc (LON:WISE)’s stock price was up 0.8% during mid-day trading on Wednesday . The stock traded as high as GBX 919.50 and last traded at GBX 882. Approximately 249,996,250 shares changed hands during mid-day trading, an increase of 1,754% from the average daily volume of 13,487,734 shares. The stock had previously closed at GBX 875.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on WISE shares. JPMorgan Chase & Co. lowered their price target on Wise from GBX 1,385 to GBX 1,225 and set an “overweight” rating on the stock in a research report on Wednesday, March 4th. Jefferies Financial Group raised their price objective on Wise from GBX 1,231 to GBX 1,299 and gave the company a “buy” rating in a research report on Thursday, January 22nd. Finally, Berenberg Bank lifted 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, January 20th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise presently has an average rating of “Buy” and an average price target of GBX 1,291.33.

Wise Price Performance

The company’s 50-day moving average price is GBX 894.74 and its two-hundred day moving average price is GBX 929.85. The company has a debt-to-equity ratio of 21.03, a current ratio of 140.08 and a quick ratio of 0.06. The company has a market capitalization of £8.98 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 1.28 and a beta of 0.57.

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.