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Wisetech Global (WTCHF) was downgraded to a Hold Rating at J.P. Morgan

Tipranks - Tipranks - Thu Jun 4, 7:40AM CDT

Wisetech Global received a Hold rating and a A$40.00 price target from J.P. Morgan analyst Bob Chen CFA yesterday. The company’s shares closed last Monday at A$42.23.

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According to TipRanks, Chen CFA is ranked #9226 out of 12227 analysts.

Currently, the analyst consensus on Wisetech Global is a Strong Buy with an average price target of A$68.69.

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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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