Wise (LON:WISE) Price Target Cut to GBX 1,045

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

A number of other equities research analysts have also recently issued reports on WISE. Citigroup reaffirmed a sell rating and issued a GBX 660 ($8.37) target price on shares of Wise in a report on Monday. Royal Bank of Canada reaffirmed a sell rating on shares of Wise in a report on Wednesday, May 15th. Finally, Jefferies Financial Group reaffirmed a buy rating and issued a GBX 1,123 ($14.25) target price on shares of Wise in a report on Monday, April 22nd. 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 stock. According to data from MarketBeat.com, Wise has an average rating of Hold and a consensus price target of GBX 897.20 ($11.38).

Wise Stock Performance

Shares of WISE stock traded down GBX 3.50 ($0.04) on Thursday, reaching GBX 681.50 ($8.65). The stock had a trading volume of 2,445,409 shares, compared to its average volume of 1,378,799. The company has a quick ratio of 0.06, a current ratio of 1.05 and a debt-to-equity ratio of 41.95. The firm’s 50-day moving average is GBX 778.96 and its two-hundred day moving average is GBX 842.98. The firm has a market capitalization of £6.95 billion, a price-to-earnings 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).

Insider Activity at Wise

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

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.