Brokerages Set Wise plc (LON:WISE) Target Price at GBX 897.20

Wise plc (LON:WISE) has received an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 952.75 ($12.20).

WISE has been the subject of a number of analyst reports. Citigroup reaffirmed a “sell” rating and set a GBX 660 ($8.45) target price on shares of Wise in a research note on Monday, June 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,123 ($14.38) target price on shares of Wise in a research note on Monday, April 22nd. Royal Bank of Canada reaffirmed a “sell” rating on shares of Wise in a research note on Wednesday, May 15th. Finally, Berenberg Bank reduced their price target on shares of Wise from GBX 1,140 ($14.60) to GBX 1,045 ($13.39) and set a “buy” rating for the company in a research report on Thursday, June 27th.

Insider Activity at Wise

In related news, insider Terri Duhon bought 308 shares of the company’s stock in a transaction that occurred on Friday, April 19th. The shares were bought at an average price of GBX 811 ($10.39) per share, for a total transaction of £2,497.88 ($3,199.54). 28.61% of the stock is owned by insiders.

Wise Price Performance

Shares of LON WISE opened at GBX 751 ($9.62) on Thursday. Wise has a fifty-two week low of GBX 607 ($7.78) and a fifty-two week high of GBX 997.50 ($12.78). The company has a 50 day simple moving average of GBX 766.24 and a two-hundred day simple moving average of GBX 835.26. The company has a market capitalization of £7.66 billion, a price-to-earnings ratio of 3,471.43, a P/E/G ratio of 1.37 and a beta of 0.72. The company has a debt-to-equity ratio of 41.95, a quick ratio of 0.06 and a current ratio of 1.05.

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.