Plus500 (LON:PLUS) Hits New 12-Month High – What’s Next?

Plus500 Ltd. (LON:PLUS)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 4,260 and last traded at GBX 4,216, with a volume of 20055 shares traded. The stock had previously closed at GBX 4,230.

Analysts Set New Price Targets

Separately, Liberum Capital reaffirmed a “buy” rating and set a GBX 3,750 price objective on shares of Plus500 in a research note on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 3,304.67.

Plus500 Price Performance

The stock has a market capitalization of £2.97 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 0.24 and a beta of 0.20. The firm’s fifty day moving average is GBX 3,605.89 and its 200-day moving average is GBX 3,322.29.

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.