Wise (LON:WISE) Hits New 1-Year High – Here’s What Happened

Shares of Wise plc (LON:WISE) reached 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 traded. The stock had previously closed at GBX 941.50 ($11.94).

Analysts Set New Price Targets

A number of research analysts have issued reports on WISE shares. Citigroup restated a “sell” rating on shares of Wise in a research note on Thursday, December 12th. Berenberg Bank restated a “buy” rating and set a GBX 1,045 ($13.26) price objective on shares of Wise in a report on Thursday, November 7th.

Wise Price Performance

The firm has a 50 day moving average price of GBX 805.48 and a two-hundred day moving average price of GBX 742.79. The company has a market cap of £9.65 billion, a P/E 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 quick ratio of 0.06 and a current ratio of 1.06.

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.