Plus500 (LON:PLUS) Hits New 1-Year High at $2,190.00

Plus500 Ltd. (LON:PLUS) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 2,190 ($27.51) and last traded at GBX 2,152.76 ($27.04), with a volume of 84132 shares traded. The stock had previously closed at GBX 2,156 ($27.08).

Analyst Ratings Changes

Several brokerages have issued reports on PLUS. Jefferies Financial Group reissued a “buy” rating and issued a GBX 2,300 ($28.89) price objective on shares of Plus500 in a research note on Tuesday, February 20th. Canaccord Genuity Group raised their price objective on shares of Plus500 from GBX 1,623 ($20.39) to GBX 1,883 ($23.65) and gave the stock a “speculative buy” rating in a research note on Friday, March 1st.

Plus500 Trading Up 0.6 %

The company’s 50 day simple moving average is GBX 1,865.24 and its 200-day simple moving average is GBX 1,692.94. The company has a quick ratio of 3.89, a current ratio of 3.29 and a debt-to-equity ratio of 2.63. The firm has a market cap of £1.70 billion, a P/E ratio of 871.77, a P/E/G ratio of 0.24 and a beta of 0.06.

Plus500 Increases Dividend

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

About Plus500

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.