Wise (LON:WISE) Price Target Raised to GBX 1,350

Wise (LON:WISE) had its target price lifted by Berenberg Bank from GBX 1,330 to GBX 1,350 in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Separately, JPMorgan Chase & Co. lowered their price target on Wise from GBX 1,380 to GBX 1,375 and set an “overweight” rating on the stock in a research report on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 1,344.67.

Wise Trading Down 0.1%

LON:WISE opened at GBX 979.16 on Tuesday. The company’s 50 day moving average is GBX 878.80 and its 200-day moving average is GBX 982.64. 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 has a 12 month low of GBX 793 and a 12 month high of GBX 1,225. The firm has a market cap of £9.80 billion, a price-to-earnings ratio of 26.47, a P/E/G ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last posted its earnings results 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%. Equities analysts anticipate that Wise will post 37.7347752 EPS for the current year.

Key Stories Impacting Wise

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Jefferies raised its price target on WISE from GBX 1,231 to GBX 1,299 and maintained a “buy” rating — this upgrade signals confidence in Wise’s growth/profitability outlook and can attract buyers. Read More. Read More.
• Positive Sentiment: JPMorgan lifted its target slightly (GBX 1,375 → GBX 1,385) and kept an “overweight” rating — a top-tier bank staying constructive may support momentum and flows into the stock. Read More. Read More. Read More.
• Positive Sentiment: Berenberg raised its target from GBX 1,330 to GBX 1,350 and kept a “buy” — another buy-side upgrade adding to consensus upside and validating management’s trajectory. Read More. Read More.

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.