Berenberg Bank Forecasts Strong Price Appreciation for Wise (LON:WISE) Stock

Wise (LON:WISE) had its price objective lifted by Berenberg Bank from GBX 1,330 to GBX 1,350 in a research report issued to clients and investors on Tuesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price suggests a potential upside of 37.31% from the company’s previous close.

Separately, JPMorgan Chase & Co. reduced 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. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Wise currently has an average rating of “Buy” and an average target price of GBX 1,362.50.

Wise Trading Up 1.6%

LON:WISE traded up GBX 15.67 on Tuesday, reaching GBX 983.17. The company’s stock had a trading volume of 371,100,750 shares, compared to its average volume of 31,930,162. 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 firm has a market cap of £9.84 billion, a PE ratio of 26.58, a PEG ratio of 1.28 and a beta of 0.75. The business’s 50-day moving average price is GBX 877.24 and its two-hundred day moving average price is GBX 982.66. Wise has a 1-year low of GBX 793 and a 1-year high of GBX 1,225.

Wise (LON:WISE) last released its quarterly earnings results on Thursday, November 6th. The company reported GBX 18.23 earnings per share for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. Equities research analysts anticipate that Wise will post 37.7347752 earnings per share for the current fiscal year.

Key Wise News

Here are the key news stories impacting Wise this week:

• Positive Sentiment: Bloomberg reports Wise is on track for a US–UK dual listing and said income rose about 21%, with company guidance cited as a catalyst for the share rally. Investor takeaways: a dual listing would broaden the shareholder base and improve liquidity in US markets, while the income beat/guidance supports near-term earnings momentum. Wise Shares Surge on Earnings Guidance as Dual Listing on Track
• Neutral Sentiment: An AmericanBankingNews piece recaps the stock’s sharp rise and asks what’s next, noting the price move, heavy trading volume and the need to watch upcoming updates on listing timing and guidance to sustain momentum. For investors this is more of a trading/flow story — monitor official dual-listing timetable, any analyst revisions and near-term trading volume. Wise (LON:WISE) Stock Price Up 12.6% – What’s Next?

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.