Plus500 (LON:PLUS) Hits New 1-Year High at $2,014.00

Posted by Oscar Bower on Apr 18th, 2024

Plus500 Ltd. (LON:PLUS – Get Free Report) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,014 ($25.07) and last traded at GBX 1,979 ($24.64), with a volume of 689433 shares trading hands. The stock had previously closed at GBX 2,003 ($24.93).

Wall Street Analysts Forecast Growth

PLUS has been the subject of a number of research reports. Canaccord Genuity Group upped their price objective on shares of Plus500 from GBX 1,623 ($20.20) to GBX 1,883 ($23.44) and gave the stock a “speculative buy” rating in a research note on Friday, March 1st. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 2,300 ($28.63) price objective on shares of Plus500 in a research note on Tuesday, February 20th.

Check Out Our Latest Research Report on Plus500

Plus500 Trading Up 1.7 %

The company’s fifty day moving average is GBX 1,813.76 and its two-hundred day moving average is GBX 1,647.45. The company has a debt-to-equity ratio of 2.63, a quick ratio of 3.89 and a current ratio of 3.29. The company has a market cap of £1.61 billion, a price-to-earnings ratio of 817.74, a P/E/G ratio of 0.24 and a beta of 0.06.

Plus500 Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, February 29th will be issued a $0.95 dividend. This represents a yield of 4.11%. The ex-dividend date of this dividend is Thursday, February 29th. This is an increase from Plus500’s previous dividend of $0.73. Plus500’s dividend payout ratio is 2,620.97%.

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.