Insider Selling: Wise (LON:WISE) Insider Sells £991,000 in Stock

Wise plc (LON:WISE) insider David Wells sold 100,000 shares of the stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of GBX 991, for a total value of £991,000.

Wise Trading Down 1.0%

Shares of LON:WISE opened at GBX 984.12 on Friday. The business’s 50 day moving average price is GBX 1,066.22 and its 200-day moving average price is GBX 1,042.55. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The firm has a market capitalization of £9.94 billion, a price-to-earnings ratio of 2,477.01, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75. Wise plc has a 1 year low of GBX 651 and a 1 year high of GBX 1,225.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on WISE. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 1,380 price objective on shares of Wise in a report on Tuesday, August 19th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,270 price target on shares of Wise in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of GBX 1,325.

About Wise

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.