Wise plc (LON:WISE – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as GBX 558 ($7.22) and last traded at GBX 616.40 ($7.97), with a volume of 42501313 shares trading hands. The stock had previously closed at GBX 751 ($9.71).
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on WISE. Citigroup reaffirmed a “sell” rating and set a GBX 660 ($8.54) price target on shares of Wise in a report on Monday, June 24th. Royal Bank of Canada reiterated a “sell” rating on shares of Wise in a research note on Wednesday, May 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,045 ($13.52) price objective on shares of Wise in a research note on Thursday, July 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,123 ($14.52) price objective on shares of Wise in a research note on Monday, April 22nd. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of GBX 952.75 ($12.32).
Check Out Our Latest Research Report on Wise
Wise Stock Down 17.9 %
Insider Buying and Selling
In related news, insider David Wells sold 100,000 shares of Wise stock in a transaction on Thursday, July 18th. The shares were sold at an average price of GBX 786 ($10.17), for a total value of £786,000 ($1,016,554.58). Company insiders own 28.61% of the company’s stock.
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.
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