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

Wise (LON:WISE - Get Free Report)'s stock had its "buy" rating reaffirmed by analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They presently have a GBX 1,270 ($17.05) target price on the stock. Berenberg Bank's target price points to a potential upside of 22.59% from the stock's previous close.

Wise Trading Down 2.9%

Shares of LON:WISE traded down GBX 31 ($0.42) during midday trading on Thursday, hitting GBX 1,036 ($13.91). The company had a trading volume of 35,522,098 shares, compared to its average volume of 6,539,528. The firm has a fifty day simple moving average of GBX 1,077.55 and a 200 day simple moving average of GBX 1,031.54. The stock has a market cap of £10.56 billion, a price-to-earnings ratio of 31.33, a PEG ratio of 1.28 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. Wise has a 12 month low of GBX 558 ($7.49) and a 12 month high of GBX 1,225 ($16.45).

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 for the quarter. Wise had a return on equity of 41.22% and a net margin of 25.11%. On average, analysts predict that Wise will post 37.7347752 EPS for the current year.

Insider Transactions at Wise

In related news, insider Clare Gilmartin sold 48,360 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.21), for a total value of £511,648.80 ($687,053.58). Company insiders own 23.65% of the company's stock.

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.

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