Wise (LON:WISE) Earns “Buy” Rating from Berenberg Bank

Wise (LON:WISE)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 1,240 ($16.41) price objective on the stock. Berenberg Bank’s price target suggests a potential upside of 28.10% from the stock’s current price.

Wise Price Performance

Shares of WISE opened at GBX 968 ($12.81) on Tuesday. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. Wise has a fifty-two week low of GBX 558 ($7.39) and a fifty-two week high of GBX 1,140 ($15.09). The firm has a 50-day simple moving average of GBX 969.61 and a 200-day simple moving average of GBX 927.84. The company has a market capitalization of £9.87 billion, a price-to-earnings ratio of 29.27, a price-to-earnings-growth 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.