Wise (LON:WISE) Sets New 52-Week High – What’s Next?

Shares of Wise plc (LON:WISE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 1,066 ($13.38) and last traded at GBX 1,064.85 ($13.36), with a volume of 4391854 shares traded. The stock had previously closed at GBX 1,044 ($13.10).

Analyst Upgrades and Downgrades

A number of brokerages have commented on WISE. Citigroup reaffirmed a “sell” rating on shares of Wise in a research report on Thursday, December 12th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,045 ($13.11) target price on shares of Wise in a research report on Thursday, November 7th.

Wise Price Performance

The company has a market capitalization of £10.86 billion, a price-to-earnings ratio of 3,132.34, a P/E/G ratio of 1.28 and a beta of 0.75. The stock has a fifty day simple moving average of GBX 870.99 and a 200-day simple moving average of GBX 756.01. The company has a debt-to-equity ratio of 22.88, a current ratio of 1.06 and a quick ratio of 0.06.

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.