Liberum Capital restated their buy rating on shares of Plus500 (LON:PLUS) in a report released on Tuesday, Digital Look reports. The firm currently has a GBX 1,000 ($13.07) target price on the stock.
Several other research analysts have also recently issued reports on the company. Peel Hunt reiterated a reduce rating and issued a GBX 526 ($6.87) price objective on shares of Plus500 in a research report on Friday, June 28th. Peel Hunt reissued a reduce rating and issued a GBX 600 ($7.84) target price (up previously from GBX 526 ($6.87)) on shares of Plus500 in a report on Monday. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of GBX 703.20 ($9.19).
LON:PLUS opened at GBX 721.80 ($9.43) on Tuesday. The stock has a fifty day moving average price of GBX 611.14 and a two-hundred day moving average price of GBX 714.09. The stock has a market capitalization of $817.73 million and a price-to-earnings ratio of 2.17. Plus500 has a 1 year low of GBX 399.70 ($5.22) and a 1 year high of GBX 2,064 ($26.97).
In other news, insider Asaf Elimelech bought 30,000 shares of the stock in a transaction on Wednesday, August 14th. The shares were bought at an average price of GBX 684 ($8.94) per share, with a total value of £205,200 ($268,130.15).
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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