Brokerages Set Wise plc (LON:WISE) Price Target at GBX 896.20

Wise plc (LON:WISE) has earned an average recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat reports. 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. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 896.20 ($11.41).

WISE has been the topic of several analyst reports. Royal Bank of Canada reiterated a “sell” rating on shares of Wise in a report on Wednesday, May 15th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,123 ($14.30) price objective on shares of Wise in a report on Monday, April 22nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 1,140 ($14.52) price target on shares of Wise in a report on Wednesday, April 17th.

Wise Trading Down 4.4 %

Shares of WISE stock opened at GBX 713.50 ($9.09) on Friday. 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 business has a 50-day moving average price of GBX 819.03 and a two-hundred day moving average price of GBX 850.08. Wise has a 12-month low of GBX 516.80 ($6.58) and a 12-month high of GBX 997.50 ($12.70). The firm has a market cap of £7.28 billion, a P/E ratio of 3,397.62, a price-to-earnings-growth ratio of 1.37 and a beta of 0.72.

Insider Transactions at Wise

In related news, insider Terri Duhon purchased 308 shares of the company’s stock in a transaction dated Friday, April 19th. The shares were purchased at an average cost of GBX 811 ($10.33) per share, with a total value of £2,497.88 ($3,180.80). 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.