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

Wise (LON:WISE)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a report issued on Thursday,London Stock Exchange reports. They presently have a GBX 1,330 price target on the stock. Berenberg Bank’s price target points to a potential upside of 46.48% from the stock’s previous close.

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

Wise Trading Down 0.2%

Wise stock traded down GBX 2 during midday trading on Thursday, reaching GBX 908. The stock had a trading volume of 4,807,029 shares, compared to its average volume of 5,101,562. The stock’s 50-day simple moving average is GBX 1,035.55 and its 200 day simple moving average is GBX 1,047.36. Wise has a twelve month low of GBX 726 and a twelve month high of GBX 1,225. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. The stock has a market capitalization of £9.17 billion, a PE ratio of 22.85, a price-to-earnings-growth 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 return on equity of 41.22% and a net margin of 25.11%. Analysts expect that Wise will post 37.7347752 EPS for the current year.

Insiders Place Their Bets

In related news, insider David Wells sold 100,000 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of GBX 991, for a total value of £991,000. 36.61% of the stock is currently owned by corporate insiders.

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.