Liberum Capital Cuts Plus500 (PLUS) Price Target to GBX 1,000

Plus500 (LON:PLUS) had its price objective trimmed by Liberum Capital from GBX 1,760 ($23.00) to GBX 1,000 ($13.07) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports. The firm currently has a buy rating on the stock.

PLUS has been the topic of a number of other research reports. Peel Hunt upgraded shares of Plus500 to an add rating in a research note on Friday, February 1st. Berenberg Bank cut their target price on shares of Plus500 from GBX 2,320 ($30.31) to GBX 1,800 ($23.52) and set a buy rating on the stock in a research note on Tuesday, February 12th. Finally, Canaccord Genuity restated a sell rating and issued a GBX 546 ($7.13) target price (down previously from GBX 1,052 ($13.75)) on shares of Plus500 in a research note on Monday, February 18th.

Shares of Plus500 stock opened at GBX 511 ($6.68) on Friday. The stock has a market capitalization of $579.36 million and a PE ratio of 1.54. Plus500 has a 1 year low of GBX 693.50 ($9.06) and a 1 year high of GBX 2,076 ($27.13).

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 9th. Investors of record on Thursday, February 21st will be paid a dividend of $0.62 per share. The ex-dividend date of this dividend is Thursday, February 21st. This represents a yield of 4.25%. Plus500’s dividend payout ratio (DPR) is 0.47%.

Plus500 Company Profile

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Its platform allows its customers to trade CFDs over approximately 2,200 financial instruments, such as equities, indices, commodities, options, exchange-traded funds, cryptocurrencies, and foreign exchange in approximately 50 countries in 32 languages.

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