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Morgan Stanley Sticks to Their Buy Rating for Wisetech Global (WTCHF)

Tipranks - Tipranks - Thu Apr 30, 9:16PM CDT

In a report released today, Andrew McLeod from Morgan Stanley maintained a Buy rating on Wisetech Global, with a price target of A$70.00.

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McLeod covers the Communication Services sector, focusing on stocks such as CAR Group, REA Group Ltd, and TPG Telecom Limited. According to TipRanks, McLeod has an average return of -0.9% and a 49.09% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Wisetech Global with a A$75.73 average price target.

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Based on Wisetech Global’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$1.03 billion and a net profit of A$103.93 million. In comparison, last year the company earned a revenue of A$615.58 million and had a net profit of A$171.91 million

Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WTCHF in relation to earlier this year.

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