Water Intelligence (LON:WATR) Hits New 52-Week High – Should You Buy?

Water Intelligence plc (LON:WATR)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 340 and last traded at GBX 340, with a volume of 68281 shares. The stock had previously closed at GBX 318.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 515 price target on shares of Water Intelligence in a research report on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 515.

Water Intelligence Stock Performance

The firm’s 50 day moving average is GBX 289.23 and its 200-day moving average is GBX 274.19. The stock has a market capitalization of £57.18 million, a price-to-earnings ratio of 12.14, a PEG ratio of -1.23 and a beta of 0.98. The company has a debt-to-equity ratio of 48.77, a quick ratio of 2.17 and a current ratio of 1.31.

About Water Intelligence

Water Intelligence plc, together with its subsidiaries, provides leak detection and remediation services for potable and non-potable water in the United States, the United Kingdom, Australia, Canada, and internationally. The company operates through Franchise Royalty Income, Franchise-Related Activities, US Corporate Operated Locations, and International Corporate Operated Locations segments. It offers water leak and repair solutions. The company is involved in franchising activities, as well as operates corporate owned stores.