Wise (LON:WISE) Stock Rating Reaffirmed by Citigroup

Citigroup reaffirmed their sell rating on shares of Wise (LON:WISE) in a research note released on Monday, MarketBeat reports. The firm currently has a GBX 660 ($8.37) price objective on the stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group reaffirmed a buy rating and set a GBX 1,123 ($14.25) price target on shares of Wise in a research note on Monday, April 22nd. Royal Bank of Canada reissued a sell rating on shares of Wise in a research note on Wednesday, May 15th. Finally, Berenberg Bank reissued a buy rating and issued a GBX 1,140 ($14.46) target price on shares of Wise in a research note on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average target price of GBX 916.20 ($11.62).

Wise Stock Performance

Wise stock opened at GBX 685 ($8.69) on Monday. The company has a current ratio of 1.05, a quick ratio of 0.06 and a debt-to-equity ratio of 41.95. Wise has a 1 year low of GBX 604.20 ($7.66) and a 1 year high of GBX 997.50 ($12.65). The company has a market cap of £6.99 billion, a PE ratio of 3,261.90, a PEG ratio of 1.37 and a beta of 0.72. The company’s 50-day moving average is GBX 778.96 and its two-hundred day moving average is GBX 842.98.

Insider Buying and Selling

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

Wise Company Profile

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.