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

Wise (LON:WISE) had its target price lowered by Berenberg Bank from GBX 1,140 ($14.46) to GBX 1,045 ($13.26) in a research note issued to investors on Thursday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

WISE has been the subject of several other reports. Jefferies Financial Group reiterated a buy rating and issued a GBX 1,123 ($14.25) target price on shares of Wise in a research report on Monday, April 22nd. Citigroup reiterated a sell rating and issued a GBX 660 ($8.37) target price on shares of Wise in a research report on Monday, June 24th. Finally, Royal Bank of Canada restated a sell rating on shares of Wise in a research report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of GBX 897.20 ($11.38).

Wise Price Performance

Wise stock opened at GBX 681.50 ($8.65) on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.06 and a debt-to-equity ratio of 41.95. The company has a market capitalization of £6.95 billion, a PE ratio of 3,245.24, a P/E/G ratio of 1.37 and a beta of 0.72. Wise has a 12 month low of GBX 604.20 ($7.66) and a 12 month high of GBX 997.50 ($12.65). The stock has a 50-day moving average price of GBX 776.43 and a two-hundred day moving average price of GBX 842.14.

Insider Buying and Selling at Wise

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