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

Berenberg Bank reiterated their buy rating on shares of Wise (LON:WISE) in a report published on Thursday, MarketBeat Ratings reports. The firm currently has a GBX 1,330 price target on the stock.

Separately, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 1,380 target price on shares of Wise in a research report on Tuesday, August 19th. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of GBX 1,355.

Wise Stock Down 0.2%

Shares of LON:WISE traded down GBX 2 during trading on Thursday, hitting GBX 908. 4,807,029 shares of the company were exchanged, compared to its average volume of 5,101,562. The firm’s 50 day moving average price is GBX 1,035.55 and its 200-day moving average price is GBX 1,047.36. Wise has a 12-month low of GBX 726 and a 12-month high of GBX 1,225. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The stock has a market capitalization of £9.17 billion, a P/E ratio of 22.85, a PEG ratio of 1.28 and a beta of 0.75.

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

Insider Buying and Selling

In other news, insider David Wells sold 100,000 shares of the company’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of GBX 991, for a total value of £991,000. Corporate insiders own 36.61% of the company’s stock.

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.