Wise's (WISE) Buy Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank has reaffirmed a "buy" rating for Wise (LON:WISE) and set a price target of GBX 1,270, indicating a potential upside of 19.41% from its previous close.
• JPMorgan Chase & Co. maintains an "overweight" rating with a target price of GBX 1,380, while overall consensus in ratings remains at "Hold" with a price target of GBX 1,325.
• Wise's recent stock performance shows a market capitalization of £10.75 billion with a wide range in its year, hitting a low of GBX 624.50 and a high of GBX 1,225.

Berenberg Bank restated their buy rating on shares of Wise (LON:WISE - Free Report) in a research note issued to investors on Friday morning, Marketbeat.com reports. The firm currently has a GBX 1,270 price objective on the stock.

Separately, JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,380 price target on shares of Wise in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of GBX 1,325.

Wise Trading Up 0.6%

Shares of WISE stock traded up GBX 7 on Friday, hitting GBX 1,132. 1,349,122 shares of the company's stock traded hands, compared to its average volume of 5,329,458. The stock has a market capitalization of £11.44 billion, a price-to-earnings ratio of 2,849.23, a P/E/G ratio of 1.28 and a beta of 0.75. 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 company's fifty day simple moving average is GBX 1,057.09 and its 200 day simple moving average is GBX 1,023.71. Wise has a one year low of GBX 624.50 and a one year high of GBX 1,225.

Wise (LON:WISE - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported GBX 40.37 EPS for the quarter. Wise had a net margin of 25.11% and a return on equity of 41.22%. Equities analysts forecast that Wise will post 37.7347752 EPS for the current year.

Insider Buying and Selling at Wise

In other news, insider Clare Gilmartin sold 48,360 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 1,058, for a total transaction of £511,648.80. 36.61% of the stock is currently owned by 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.