Berenberg Bank Reaffirms “Buy” Rating for Wise (LON:WISE)

Wise (LON:WISE)‘s stock had its “buy” rating reissued by equities research analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They presently have a GBX 1,140 ($14.19) price target on the stock. Berenberg Bank’s target price indicates a potential upside of 37.18% from the stock’s previous close.

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,123 ($13.98) price objective on shares of Wise in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 896.20 ($11.16).

Wise Price Performance

LON WISE traded up GBX 8.50 ($0.11) during trading hours on Wednesday, reaching GBX 831 ($10.34). The company’s stock had a trading volume of 17,298,622 shares, compared to its average volume of 1,360,525. The firm’s 50-day moving average price is GBX 903.59 and its 200-day moving average price is GBX 820. The company has a quick ratio of 0.06, a current ratio of 1.05 and a debt-to-equity ratio of 41.95. Wise has a 1 year low of GBX 490 ($6.10) and a 1 year high of GBX 997.50 ($12.42). The company has a market capitalization of £8.48 billion, a price-to-earnings ratio of 3,945.24, a PEG ratio of 1.64 and a beta of 0.67.

Insiders Place Their Bets

In other news, insider Matthew Briers sold 31,664 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of GBX 793 ($9.87), for a total transaction of £251,095.52 ($312,580.01). Corporate 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.