Plus500 (LON:PLUS) Hits New 12-Month High at $2,236.00

Shares of Plus500 Ltd. (LON:PLUS) hit a new 52-week high on Tuesday . The stock traded as high as GBX 2,236 ($28.09) and last traded at GBX 2,216 ($27.84), with a volume of 168283 shares. The stock had previously closed at GBX 2,210 ($27.76).

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PLUS shares. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,300 ($28.89) price objective on shares of Plus500 in a report 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 ($23.66) and gave the stock a “speculative buy” rating in a report on Friday, March 1st.

Plus500 Stock Performance

The company has a market capitalization of £1.75 billion, a price-to-earnings ratio of 904.42, a price-to-earnings-growth ratio of 0.24 and a beta of 0.06. 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’s fifty day simple moving average is GBX 1,920.90 and its two-hundred day simple moving average is GBX 1,734.69.

Plus500 Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, February 29th will be given a $0.95 dividend. This is an increase from Plus500’s previous dividend of $0.73. This represents a dividend yield of 4.11%. The ex-dividend date is Thursday, February 29th. Plus500’s dividend payout ratio (DPR) is presently 2,610.44%.

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.