Wise (LON:WISE) Trading 0.5% Higher - Here's Why

Key Points

• Wise plc shares increased by 0.5%, closing at GBX 1,083 ($14.64) on Monday amid significantly lower trading volume, down 87% compared to the average session.
• Analysts have set a consensus price target of GBX 1,325, with Berenberg Bank and JPMorgan Chase both offering optimistic price objectives of GBX 1,270 and GBX 1,380, respectively.
• The company operates in the financial services sector, providing cross-border and domestic services, including international money transfers and various account services.

Wise plc (LON:WISE - Get Free Report) shares traded up 0.5% during trading on Monday . The stock traded as high as GBX 1,091 ($14.75) and last traded at GBX 1,083 ($14.64). 762,747 shares traded hands during trading, a decline of 87% from the average session volume of 5,692,979 shares. The stock had previously closed at GBX 1,078 ($14.57).

Analysts Set New Price Targets

Several research analysts have commented on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 1,270 price objective on shares of Wise in a report on Friday, August 29th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 1,380 price objective on shares of Wise in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of GBX 1,325.

Wise Trading Up 0.5%

The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. The stock's fifty day moving average is GBX 1,069.79 and its 200 day moving average is GBX 1,033.71. The stock has a market cap of £10.94 billion, a P/E ratio of 2,725.90, a P/E/G ratio of 1.28 and a beta of 0.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.