Citigroup Reaffirms Sell Rating for Wise (LON:WISE)

Citigroup reissued their sell rating on shares of Wise (LON:WISE) in a report released on Wednesday morning, Digital Look reports. They currently have a GBX 560 ($6.88) price objective on the stock.

Wise Stock Up 1.9 %

Shares of LON:WISE opened at GBX 714.60 ($8.78) on Wednesday. The company has a current ratio of 1.04, a quick ratio of 0.06 and a debt-to-equity ratio of 45.83. The firm has a market cap of £7.29 billion, a price-to-earnings ratio of 6,496.36, a PEG ratio of 1.86 and a beta of 0.44. The stock’s 50-day moving average price is GBX 684.21 and its two-hundred day moving average price is GBX 655.65. Wise has a 12-month low of GBX 488 ($5.99) and a 12-month high of GBX 778.80 ($9.56).

Insider Activity at Wise

In related news, insider Matthew Briers sold 427,706 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of GBX 690 ($8.47), for a total transaction of £2,951,171.40 ($3,624,182.00). 53.74% of the stock is owned by insiders.

About Wise

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.