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

Berenberg Bank reissued their buy rating on shares of Wise (LON:WISE) in a report released on Thursday, MarketBeat Ratings reports. The brokerage currently has a GBX 1,045 ($13.60) price target on the stock.

Wise Stock Performance

Shares of WISE stock opened at GBX 821 ($10.69) on Thursday. The company has a debt-to-equity ratio of 22.88, a quick ratio of 0.06 and a current ratio of 1.06. Wise has a one year low of GBX 558 ($7.26) and a one year high of GBX 997.50 ($12.98). The company’s 50-day simple moving average is GBX 684.46 and its 200-day simple moving average is GBX 726.24. The stock has a market capitalization 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.

Insider Transactions at Wise

In related news, insider Terri Duhon purchased 1,394 shares of Wise stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of GBX 717 ($9.33) per share, with a total value of £9,994.98 ($13,010.91). 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.