Wise (LON:WISE) Stock Price Up 7.1% – What’s Next?

Shares of Wise plc (LON:WISE) shot up 7.1% on Friday . The company traded as high as GBX 912 and last traded at GBX 888.93. Approximately 271,005,938 shares were traded during trading, an increase of 1,424% from the average daily volume of 17,785,766 shares. The stock had previously closed at GBX 830.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WISE. JPMorgan Chase & Co. lifted their price target on Wise from GBX 1,225 to GBX 1,260 and gave the company an “overweight” rating in a research report on Friday, April 17th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,299 target price on shares of Wise in a research report on Monday. Finally, Berenberg Bank reissued a “buy” rating on shares of Wise in a research report on Thursday, June 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 1,303.

Wise Stock Up 7.1%

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 stock has a 50 day simple moving average of GBX 941.84 and a 200-day simple moving average of GBX 911.12. The firm has a market cap of £8.89 billion, a PE ratio of 24.03, a PEG ratio of 1.28 and a beta of 0.52.

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.