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

Berenberg Bank reaffirmed their buy rating on shares of Wise (LON:WISE) in a research report released on Wednesday morning, MarketBeat.com reports. They currently have a GBX 1,140 ($14.19) price objective on the stock.

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

Wise Stock Performance

Shares of Wise stock opened at GBX 808 ($10.06) on Wednesday. Wise has a one year low of GBX 513.20 ($6.39) and a one year high of GBX 997.50 ($12.42). The company has a market cap of £8.24 billion, a PE ratio of 3,847.62, 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 quick ratio of 0.06 and a current ratio of 1.05. The business has a 50-day simple moving average of GBX 901.85 and a 200-day simple moving average of GBX 821.

Insider Buying and Selling

In related 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). 28.57% of the stock is owned by company insiders.

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.