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

Wise (LON:WISE - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Berenberg Bank in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a GBX 1,270 ($17.04) price target on the stock. Berenberg Bank's price target would suggest a potential upside of 22.82% from the company's current price.

Wise Stock Performance

Shares of Wise stock traded down GBX 6.83 ($0.09) during trading hours on Thursday, reaching GBX 1,034 ($13.87). The company's stock had a trading volume of 26,535,555 shares, compared to its average volume of 6,457,006. The company's 50 day simple moving average is GBX 1,077.59 and its 200 day simple moving average is GBX 1,030.94. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. Wise has a one year low of GBX 558 ($7.48) and a one year high of GBX 1,225 ($16.43). The stock has a market cap of £10.54 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE - Get Free Report) last posted its earnings results on Thursday, June 5th. The company reported GBX 40.37 ($0.54) earnings per share (EPS) for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. As a group, analysts expect that Wise will post 37.7347752 EPS for the current fiscal year.

Insider Activity at Wise

In other Wise news, insider Clare Gilmartin sold 48,360 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 1,058 ($14.19), for a total transaction of £511,648.80 ($686,316.30). Company insiders own 23.65% of the company's stock.

About Wise

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.