Water Intelligence (LON:WATR) Hits New 1-Year High – What’s Next?

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 515 target price on shares of Water Intelligence in a research report on Tuesday, May 19th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of GBX 515.

Water Intelligence Stock Up 6.9%

The company has a quick ratio of 2.17, a current ratio of 1.31 and a debt-to-equity ratio of 48.77. The firm has a 50 day simple moving average of GBX 287.23 and a two-hundred day simple moving average of GBX 273.73. The stock has a market capitalization of £57.18 million, a P/E ratio of 12.14, a PEG ratio of -1.23 and a beta of 0.98.

Water Intelligence Company Profile

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.