Plus500 (LON:PLUS) Reaches New 12-Month High – Here’s Why

Shares of Plus500 Ltd. (LON:PLUSGet Free Report) reached a new 52-week high on Thursday . The company traded as high as GBX 5,050 and last traded at GBX 5,050, with a volume of 97603 shares trading hands. The stock had previously closed at GBX 4,924.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,100 target price on shares of Plus500 in a research note on Tuesday, June 23rd. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 4,083.33.

Check Out Our Latest Stock Analysis on Plus500

Plus500 Stock Up 2.6%

The company has a 50-day simple moving average of GBX 4,619.33 and a 200 day simple moving average of GBX 4,274.92. The company has a market cap of £3.51 billion, a P/E ratio of 13.32, a P/E/G ratio of 0.24 and a beta of 0.39. The company has a current ratio of 299.59, a quick ratio of 3.89 and a debt-to-equity ratio of 3.94.

Plus500 Company Profile

(Get Free Report)

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.

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