Wise (LON:WISE) PT lowered to GBX 410

Wise (LON:WISE – Get Grade) saw its price target lowered by Credit Suisse Group stock analysts from 640 GBX ($7.61) to 410 GBX ($4.88) in a research report released Thursday to clients and investors, Marketbeat Ratings reports. The brokerage currently has a “neutral” rating on the stock. Credit Suisse Group’s price target would point to a potential upside of 20.09% from the company’s previous close.

A number of other analysts have also published reports on the company. Citigroup reaffirmed a “sell” rating on Wise shares in a Monday, June 20 report. Morgan Stanley lowered its price target on Wise from GBX 950 ($11.30) to GBX 700 ($8.33) and set an “equal weight” rating on the stock in a Friday, March 25 report. Finally, Barclays reaffirmed an “equal weight” rating and issued a target price of GBX 510 ($6.07) on Wise shares in a Wednesday, June 29 report.

Sound stock performance

Shares of LON WISE opened Thursday at 341.40 GBX ($4.06). The company has a debt ratio of 23.39, a quick ratio of 0.06 and a current ratio of 1.05. The company has a market cap of £4.86 billion and a price to earnings ratio of 11,380.00. The company’s 50-day simple moving average is 342.51 GBX and its 200-day simple moving average is 472.26 GBX. Wise has a 52-week minimum of 285 GBX ($3.39) and a 52-week maximum of 1,176.50 GBX ($13.99).

Insiders place their bets

In other Wise news, insider Matthew Briers sold 31,156 shares of the company in a trade that took place on Tuesday, May 3. The stock was sold at an average price of 397 GBX ($4.72), for a total value of £123,689.32 ($147,109.09).

Company profile wise

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Wise plc provides cross-border money transfer services for individuals and businesses in Europe, UK, Asia-Pacific, North America and internationally. The Company’s payment infrastructure includes various products, including Wise Transfer for sending money overseas; Wise Account to meet the multi-currency banking needs of individuals; Wise Business, an account that offers business customers international banking functionality; and Wise Platform which enables banks, including credit unions and financial institutions, and corporate partners to integrate its payment network into their own mobile apps or online banking services.

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