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

Wise (LON:WISE)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a report released on Thursday, MarketBeat.com reports. They presently have a GBX 1,270 ($17.05) target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 22.02% from the company’s previous close.

Wise Stock Performance

Shares of LON WISE opened at GBX 1,040.83 ($13.97) on Thursday. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The stock’s fifty day moving average price is GBX 1,077.59 and its two-hundred day moving average price is GBX 1,031.39. Wise has a one year low of GBX 558 ($7.49) and a one year high of GBX 1,225 ($16.44). The firm has a market cap of £10.61 billion, a price-to-earnings ratio of 31.47, a P/E/G ratio of 1.28 and a beta of 0.75.

Wise (LON:WISE) last released 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%. On average, equities analysts forecast that Wise will post 37.7347752 EPS for the current year.

Insider Buying and Selling

In other Wise news, insider Clare Gilmartin sold 48,360 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 1,058 ($14.20), for a total value of £511,648.80 ($686,776.91). Corporate 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.