Wise (LON:WISE) Price Target Cut to GBX 1,045 by Analysts at Berenberg Bank

Wise (LON:WISE) had its price objective reduced by Berenberg Bank from GBX 1,140 ($14.46) to GBX 1,045 ($13.26) in a report released on Thursday morning, MarketBeat reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the company. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,123 ($14.25) target price on shares of Wise in a report on Monday, April 22nd. Royal Bank of Canada reiterated a sell rating on shares of Wise in a report on Wednesday, May 15th. Finally, Citigroup reiterated a sell rating and issued a GBX 660 ($8.37) target price on shares of Wise in a report on Monday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Wise has an average rating of Hold and an average price target of GBX 897.20 ($11.38).

Wise Trading Down 0.5 %

Shares of LON:WISE traded down GBX 3.50 ($0.04) during midday trading on Thursday, reaching GBX 681.50 ($8.65). The company’s stock had a trading volume of 2,445,409 shares, compared to its average volume of 1,378,799. The firm has a market cap of £6.95 billion, a price-to-earnings ratio of 3,245.24, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72. The company has a quick ratio of 0.06, a current ratio of 1.05 and a debt-to-equity ratio of 41.95. Wise has a 1 year low of GBX 604.20 ($7.66) and a 1 year high of GBX 997.50 ($12.65). The business has a 50 day moving average price of GBX 778.96 and a 200 day moving average price of GBX 842.98.

Insider Activity

In related news, insider Terri Duhon bought 308 shares of the stock in a transaction dated Friday, April 19th. The stock was bought at an average cost of GBX 811 ($10.29) per share, with a total value of £2,497.88 ($3,168.69). Corporate insiders own 28.61% of the company’s stock.

About Wise

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.