Wise (LON:WISE) Receives Hold Rating from Jefferies Financial Group

Jefferies Financial Group reissued their hold rating on shares of Wise (LON:WISE) in a research note released on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 687 ($8.44) target price on the stock.

Separately, Citigroup reiterated a sell rating and set a GBX 560 ($6.88) price objective on shares of Wise in a research report on Wednesday.

Wise Price Performance

Wise stock opened at GBX 714.10 ($8.77) on Wednesday. The company has a market capitalization of £7.28 billion, a price-to-earnings ratio of 6,472.73, a PEG ratio of 1.86 and a beta of 0.44. The company has a current ratio of 1.04, a quick ratio of 0.06 and a debt-to-equity ratio of 45.83. Wise has a 12 month low of GBX 488 ($5.99) and a 12 month high of GBX 778.80 ($9.56). The stock’s 50 day moving average is GBX 681.82 and its 200-day moving average is GBX 654.21.

Insider Activity at Wise

In other Wise news, insider Matthew Briers sold 427,706 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was 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 currently owned by corporate 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.