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Barclays Remains a Sell on Western Union (WU)

Barclays analyst Ramsey El Assal maintained a Sell rating on Western Union (WUResearch Report) on August 5 and set a price target of $17.00. The company’s shares closed last Friday at $16.37.

El Assal covers the Technology sector, focusing on stocks such as WEX, Upstart Holdings, and Argo Blockchain. According to TipRanks, El Assal has an average return of 3.1% and a 51.94% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Western Union with a $17.90 average price target, which is a 9.35% upside from current levels. In a report released on August 4, Morgan Stanley also maintained a Sell rating on the stock with a $14.00 price target.

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WU market cap is currently $6.32B and has a P/E ratio of 7.33.

Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WU in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The Western Union Co. is a holding company, which engages in the provision of money transfer and payment services. It operates through the following segments: Consumer-to-Consumer; Business Solutions; and Other. The Consumer-to-Consumer segment facilitates money transfers between two consumers. The Business Solutions segment offers payment and foreign exchange solutions, primarily cross-border, cross-currency transactions, for small and medium size enterprises and other organizations and individuals. The Other segment comprises electronic-based and cash-based bill payment services. The company was founded in 1851 and is headquartered in Denver, CO.

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