Wise plc (LON:WISE) Receives Average Rating of “Hold” from Analysts

Wise plc (LON:WISE) has earned an average recommendation of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is GBX 897.20 ($11.35).

A number of equities analysts have issued reports on WISE shares. Royal Bank of Canada reissued a “sell” rating on shares of Wise in a report on Wednesday, May 15th. Citigroup restated a “sell” rating and issued a GBX 660 ($8.35) price target on shares of Wise in a research note on Monday, June 24th. Berenberg Bank dropped their price target on shares of Wise from GBX 1,140 ($14.42) to GBX 1,045 ($13.22) and set a “buy” rating on the stock in a research note on Thursday, June 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,123 ($14.20) price target on shares of Wise in a research note on Monday, April 22nd.

Wise Stock Performance

Shares of WISE stock opened at GBX 726 ($9.18) on Thursday. The company has a debt-to-equity ratio of 41.95, a quick ratio of 0.06 and a current ratio of 1.05. Wise has a one year low of GBX 604.20 ($7.64) and a one year high of GBX 997.50 ($12.62). The company’s 50-day simple moving average is GBX 771.03 and its 200-day simple moving average is GBX 839.79. The stock has a market capitalization of £7.41 billion, a price-to-earnings ratio of 3,457.14, a PEG ratio of 1.37 and a beta of 0.72.

Insider Activity at Wise

In other Wise news, insider Terri Duhon bought 308 shares of the firm’s stock in a transaction dated Friday, April 19th. The shares were acquired at an average cost of GBX 811 ($10.26) per share, for a total transaction of £2,497.88 ($3,159.47). 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.