Wise (LON:WISE) Reaches New 52-Week High – Time to Buy?

Shares of Wise plc (LON:WISE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 1,052 ($13.19) and last traded at GBX 1,047.45 ($13.13), with a volume of 4489894 shares. The stock had previously closed at GBX 1,036.43 ($12.99).

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Citigroup reissued a “sell” rating on shares of Wise in a report on Thursday, December 12th. Berenberg Bank reissued a “buy” rating and issued a GBX 1,045 ($13.10) price target on shares of Wise in a research report on Thursday, November 7th.

Wise Stock Up 1.8 %

The stock’s fifty day moving average price is GBX 849.44 and its 200 day moving average price is GBX 751.36. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88. The stock has a market cap of £10.85 billion, a P/E ratio of 3,129.41, a price-to-earnings-growth ratio of 1.28 and a beta of 0.75.

About Wise

Wise plc provides cross-border and domestic financial services for personal and business customers in the United Kingdom, rest of Europe, the Asia-Pacific, North America, and internationally. Its product portfolio includes international money transfer, wise account, international debit card, amount transfer, receive money, wise platform, business debit card, and mass payment services.