Wise (LON:WISE) Reaches New 12-Month High – Still a Buy?

Wise plc (LON:WISE) shares hit a new 52-week high on Tuesday . The stock traded as high as GBX 998.50 ($12.67) and last traded at GBX 997 ($12.65), with a volume of 11450851 shares changing hands. The stock had previously closed at GBX 941.50 ($11.94).

Analyst Upgrades and Downgrades

WISE has been the subject of a number of analyst reports. Citigroup restated a “sell” rating on shares of Wise in a research report on Thursday, December 12th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,045 ($13.26) price target on shares of Wise in a report on Thursday, November 7th.

Wise Price Performance

The firm has a market capitalization of £9.65 billion, a PE ratio of 2,769.12, a P/E/G ratio of 1.28 and a beta of 0.75. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06. The business’s 50 day moving average is GBX 805.48 and its two-hundred day moving average is GBX 742.79.

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.