Insider Selling: Wise plc (LON:WISE) Insider Sells £786,000 in Stock

Wise plc (LON:WISE) insider David Wells sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of GBX 786 ($10.17), for a total transaction of £786,000 ($1,016,554.58).

Wise Trading Down 2.4 %

Shares of WISE opened at GBX 751 ($9.71) on Thursday. The firm’s 50 day simple moving average is GBX 762.23 and its 200 day simple moving average is GBX 829.18. The company has a market capitalization of £7.66 billion, a P/E ratio of 3,576.19, 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 current ratio of 1.05 and a quick ratio of 0.06. Wise plc has a 1-year low of GBX 607 ($7.85) and a 1-year high of GBX 997.50 ($12.90).

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup restated a “sell” rating and issued a GBX 660 ($8.54) price objective on shares of Wise in a research report on Monday, June 24th. Royal Bank of Canada restated a “sell” rating on shares of Wise in a research report on Wednesday, May 15th. Berenberg Bank restated a “buy” rating and issued a GBX 1,045 ($13.52) price objective on shares of Wise in a research report on Thursday, July 11th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,123 ($14.52) price objective on shares of Wise in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of GBX 952.75 ($12.32).

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.