Wise (LON:WISE) Stock Price Up 0.1% – Still a Buy?

by · The Cerbat Gem

Wise plc (LON:WISE – Get Free Report) shares shot up 0.1% during trading on Tuesday . The stock traded as high as GBX 894.50 and last traded at GBX 877. 1,097,561 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 5,286,513 shares. The stock had previously closed at GBX 876.50.

Analysts Set New Price Targets

WISE has been the subject of a number of analyst reports. JPMorgan Chase & Co. cut their price target on Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating for the company in a report on Tuesday, November 11th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,330 price objective on shares of Wise in a research note on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Wise currently has a consensus rating of “Hold” and a consensus target price of GBX 1,352.50.

View Our Latest Stock Analysis on Wise

Wise Stock Performance

The company has a 50 day simple moving average of GBX 960.14 and a 200-day simple moving average of GBX 1,033.67. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The stock has a market cap of £8.86 billion, a P/E ratio of 22.07, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported GBX 18.23 EPS for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. On average, equities analysts expect that Wise plc will post 37.7347752 earnings per share for the current fiscal year.

Insider Activity

In related news, insider David Wells sold 100,000 shares of Wise stock in a transaction on Monday, October 6th. The shares were sold at an average price of GBX 991, for a total value of £991,000. Corporate insiders own 36.61% of the company’s stock.

Wise Company Profile

(Get Free Report)

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.

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