Wise’s (WISE) Buy Rating Reaffirmed at Berenberg Bank

Wise (LON:WISE)‘s stock had its “buy” rating reissued by Berenberg Bank in a research report issued on Tuesday, MarketBeat reports. They presently have a GBX 1,140 ($14.43) price target on the stock. Berenberg Bank’s price objective would indicate a potential upside of 18.38% from the company’s previous close.

Wise Stock Performance

LON WISE opened at GBX 963 ($12.19) on Tuesday. The company’s 50 day moving average is GBX 896.17 and its 200-day moving average is GBX 812.01. Wise has a 12-month low of GBX 490 ($6.20) and a 12-month high of GBX 997.50 ($12.62). 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 market cap of £9.82 billion, a P/E ratio of 4,585.71, a price-to-earnings-growth ratio of 1.58 and a beta of 0.67.

Insider Activity

In other news, insider Terri Duhon bought 119 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were acquired at an average price of GBX 839 ($10.62) per share, with a total value of £998.41 ($1,263.65). In other news, insider Terri Duhon bought 119 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were acquired at an average price of GBX 839 ($10.62) per share, with a total value of £998.41 ($1,263.65). Also, insider Matthew Briers sold 31,664 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of GBX 793 ($10.04), for a total transaction of £251,095.52 ($317,802.20). 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.