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

Wise plc (LON:WISE - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 998.50 ($12.69) and last traded at GBX 997 ($12.67), with a volume of 11450851 shares traded. The stock had previously closed at GBX 941.50 ($11.97).

Wall Street Analysts Forecast Growth

WISE has been the topic of a number of recent analyst reports. Berenberg Bank restated a "buy" rating and issued a GBX 1,045 ($13.29) price target on shares of Wise in a research report on Thursday, November 7th. Citigroup reaffirmed a "sell" rating on shares of Wise in a research report on Thursday, December 12th.

Wise Trading Up 5.3 %

The firm's 50-day moving average price is GBX 812.28 and its 200 day moving average price is GBX 744.04. The company has a market cap of £10.11 billion, a price-to-earnings ratio of 2,914.71, a P/E/G ratio of 1.28 and a beta of 0.75. The company has a current ratio of 1.06, a quick ratio of 0.06 and a debt-to-equity ratio of 22.88.

Wise Company Profile

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.