Wise plc (LON:WISE) Insider David Wells Sells 100,000 Shares

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

Wise Stock Performance

Wise stock opened at GBX 769.50 ($9.95) on Wednesday. The company has a current ratio of 1.05, a quick ratio of 0.06 and a debt-to-equity ratio of 41.95. The firm has a market cap of £7.85 billion, a P/E ratio of 3,664.29, a P/E/G ratio of 1.37 and a beta of 0.72. Wise plc has a 1-year low of GBX 607 ($7.85) and a 1-year high of GBX 997.50 ($12.90). The firm has a 50-day moving average of GBX 763.03 and a 200-day moving average of GBX 829.73.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on WISE. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,123 ($14.52) price objective on shares of Wise in a research note on Monday, April 22nd. Citigroup reissued a “sell” rating and issued a GBX 660 ($8.54) price target on shares of Wise in a research note on Monday, June 24th. Berenberg Bank reaffirmed 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, Royal Bank of Canada restated a “sell” rating on shares of Wise in a report on Wednesday, May 15th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average 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.