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

Wise (LON:WISE) had its price objective dropped by equities research analysts at Berenberg Bank from GBX 1,140 ($14.46) to GBX 1,045 ($13.26) in a report released on Thursday, Digital Look reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 53.34% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,123 ($14.25) price objective on shares of Wise in a research note on Monday, April 22nd. Citigroup reissued a “sell” rating and set a GBX 660 ($8.37) target price on shares of Wise in a research note on Monday. Finally, Royal Bank of Canada reissued a “sell” rating on shares of Wise in a research note on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 897.20 ($11.38).

Wise Price Performance

Shares of LON WISE traded down GBX 3.50 ($0.04) during mid-day trading on Thursday, reaching GBX 681.50 ($8.65). 2,445,409 shares of the company traded hands, compared to its average volume of 1,378,799. Wise has a fifty-two week low of GBX 604.20 ($7.66) and a fifty-two week high of GBX 997.50 ($12.65). The company has a debt-to-equity ratio of 41.95, a current ratio of 1.05 and a quick ratio of 0.06. The firm has a market cap of £6.95 billion, a PE 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 simple moving average of GBX 778.96 and a 200-day simple moving average of GBX 842.98.

Insider Activity at Wise

In other Wise news, insider Terri Duhon acquired 308 shares of Wise stock in a transaction that occurred on Friday, April 19th. The stock was acquired at an average price of GBX 811 ($10.29) per share, with a total value of £2,497.88 ($3,168.69). 28.61% of the stock is owned by company insiders.

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.