Wisetech Global (WTCHF) Receives a Buy from Citi
In a report released today, Siraj Ahmed from Citi maintained a Buy rating on Wisetech Global, with a price target of A$65.65.
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Ahmed covers the Technology sector, focusing on stocks such as Wisetech Global, Xero Limited, and Megaport. According to TipRanks, Ahmed has an average return of 0.1% and a 43.30% success rate on recommended stocks.
In a report released on April 30, Morgan Stanley also maintained a Buy rating on the stock with a A$70.00 price target.
WTCHF market cap is currently A$14.57B and has a P/E ratio of 54.90.
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.
Read More on WTCHF:
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- WiseTech to Outline Growth Strategy at Macquarie Australia Conference
- WiseTech Global advances board renewal with leadership transition
- WiseTech to Release 62,276 Acquisition Shares From Escrow
- WiseTech director Maree Isaacs lifts indirect shareholding and confirms long-term incentives
- WiseTech upgraded to Buy from Neutral at Rothschild & Co Redburn
