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

Wise (LON:WISE) had its target price reduced by investment analysts at Berenberg Bank from GBX 1,140 ($14.46) to GBX 1,045 ($13.26) in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 53.34% from the stock’s previous close.

Several other brokerages have also recently weighed in on WISE. Citigroup reissued a “sell” rating and issued a GBX 660 ($8.37) price target on shares of Wise in a research note on Monday, June 24th. Jefferies Financial Group restated a “buy” rating and set a GBX 1,123 ($14.25) target price on shares of Wise in a research report on Monday, April 22nd. Finally, Royal Bank of Canada reiterated a “sell” rating on shares of Wise in a report on Wednesday, May 15th. Two 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. According to data from MarketBeat, Wise presently has a consensus rating of “Hold” and an average target price of GBX 897.20 ($11.38).

Wise Price Performance

Wise stock 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 52 week low of GBX 604.20 ($7.66) and a 52 week high of GBX 997.50 ($12.65). The stock has a market capitalization of £6.95 billion, a P/E ratio of 3,245.24, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The stock has a fifty day moving average of GBX 776.43 and a 200-day moving average of GBX 842.03.

Insider Transactions at Wise

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

Wise Company Profile

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.