Wise (LON:WISE) Given “Buy” Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Wise (LON:WISE) in a report published on Wednesday, Marketbeat reports. They currently have a GBX 1,140 ($14.19) target price on the stock.

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

Wise Price Performance

WISE stock opened at GBX 830.50 ($10.34) on Wednesday. The stock has a 50-day moving average price of GBX 903.47 and a two-hundred day moving average price of GBX 820.07. Wise has a 12-month low of GBX 513.20 ($6.39) and a 12-month high of GBX 997.50 ($12.42). The company has a current ratio of 1.05, a quick ratio of 0.06 and a debt-to-equity ratio of 41.95. The company has a market cap of £8.47 billion, a PE ratio of 3,942.86, a price-to-earnings-growth ratio of 1.64 and a beta of 0.67.

Insiders Place Their Bets

In other Wise news, insider Matthew Briers sold 31,664 shares of the business’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 transaction of £251,095.52 ($312,580.01). 28.57% of the stock is currently owned by insiders.

About Wise

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.