Wise (LON:WISE) Rating Reiterated by Berenberg Bank

Wise (LON:WISE)‘s stock had its “buy” rating reissued by Berenberg Bank in a report issued on Wednesday, Marketbeat Ratings reports. They currently have a GBX 1,140 ($14.19) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 40.74% from the stock’s previous close.

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

Wise Stock Performance

Shares of WISE stock opened at GBX 810 ($10.08) on Wednesday. The company has a market cap of £8.26 billion, a price-to-earnings ratio of 3,857.14, a price-to-earnings-growth ratio of 1.64 and a beta of 0.67. Wise has a 52 week low of GBX 513.20 ($6.39) and a 52 week high of GBX 997.50 ($12.42). The company has a quick ratio of 0.06, a current ratio of 1.05 and a debt-to-equity ratio of 41.95. The firm has a 50 day moving average of GBX 902.85 and a 200-day moving average of GBX 820.

Insider Buying and Selling at Wise

In other news, insider Matthew Briers sold 31,664 shares of Wise stock in a transaction 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). Company insiders own 28.57% of the company’s stock.

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.