Wise (LON:WISE) Receives Buy Rating from Berenberg Bank

Wise (LON:WISE)‘s stock had its “buy” rating reaffirmed by equities researchers at Berenberg Bank in a report released on Wednesday, MarketBeat reports. They currently have a GBX 1,140 ($14.19) price objective on the stock. Berenberg Bank’s target price points to a potential upside of 40.74% from the company’s previous close.

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,123 ($13.98) price objective on shares of Wise in a report on Thursday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Wise currently has a consensus rating of “Hold” and a consensus target price of GBX 896.20 ($11.16).

Wise Trading Down 2.2 %

Shares of LON:WISE opened at GBX 810 ($10.08) on Wednesday. The business’s 50-day moving average is GBX 902.85 and its 200 day moving average is GBX 820. Wise has a 1 year low of GBX 513.20 ($6.39) and a 1 year high of GBX 997.50 ($12.42). The firm has a market capitalization of £8.26 billion, a P/E ratio of 3,857.14, a P/E/G ratio of 1.64 and a beta of 0.67. The company has a debt-to-equity ratio of 41.95, a current ratio of 1.05 and a quick ratio of 0.06.

Insider Transactions at Wise

In other news, insider Matthew Briers sold 31,664 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of GBX 793 ($9.87), for a total value of £251,095.52 ($312,580.01). Company insiders own 28.57% of the company’s stock.

Wise Company Profile

Wise plc provides cross-border money transfer services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. The company's transfer infrastructure includes Wise Account for international people who need to move and manage money across borders; Wise Business for international businesses need; and Wise Platform that allows businesses and banks to offer their own customers international payments.