Berenberg Bank Trims Wise (LON:WISE) Target Price to GBX 1,045

Wise (LON:WISE) had its target price trimmed by Berenberg Bank from GBX 1,140 ($14.46) to GBX 1,045 ($13.26) in a report published on Thursday, MarketBeat.com reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently commented on WISE. Jefferies Financial Group restated a buy rating and set a GBX 1,123 ($14.25) price objective on shares of Wise in a research report on Monday, April 22nd. Citigroup reiterated a sell rating and set a GBX 660 ($8.37) target price on shares of Wise in a research report on Monday, June 24th. Finally, Royal Bank of Canada restated a sell rating on shares of Wise in a research note on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and a consensus target price of GBX 897.20 ($11.38).

Wise Price Performance

Shares of WISE opened at GBX 681.50 ($8.65) on Thursday. The company has a debt-to-equity ratio of 41.95, a quick ratio of 0.06 and a current ratio of 1.05. Wise has a fifty-two week low of GBX 604.20 ($7.66) and a fifty-two week high of GBX 997.50 ($12.65). The firm has a 50-day simple moving average of GBX 776.43 and a 200-day simple moving average of GBX 842.22. The company has a market capitalization of £6.95 billion, a price-to-earnings ratio of 3,245.24, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72.

Insider Transactions at Wise

In other news, insider Terri Duhon bought 308 shares of the stock in a transaction on Friday, April 19th. The shares were bought at an average price of GBX 811 ($10.29) per share, with a total value of £2,497.88 ($3,168.69). Corporate insiders own 28.61% 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.