Wise (LON:WISE) Earns Buy Rating from Berenberg Bank

Wise (LON:WISE)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report issued on Thursday, Marketbeat reports. They currently have a GBX 1,045 ($13.60) price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 27.28% from the stock’s current price.

Wise Stock Performance

LON:WISE opened at GBX 821 ($10.69) on Thursday. The company has a market cap of £8.37 billion, a price-to-earnings ratio of 2,414.71, a PEG ratio of 1.28 and a beta of 0.75. Wise has a fifty-two week low of GBX 558 ($7.26) and a fifty-two week high of GBX 997.50 ($12.98). 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 stock has a fifty day moving average price of GBX 684.46 and a 200-day moving average price of GBX 726.78.

Insiders Place Their Bets

In related news, insider Terri Duhon bought 1,394 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were purchased at an average price of GBX 717 ($9.33) per share, for a total transaction of £9,994.98 ($13,010.91). 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.