Plus500 (LON:PLUS) Reaches New 12-Month High – Still a Buy?

Plus500 Ltd. (LON:PLUS)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 4,616 and last traded at GBX 4,546, with a volume of 285492 shares trading hands. The stock had previously closed at GBX 4,248.

Analyst Ratings Changes

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

Plus500 Stock Performance

The firm has a market capitalization of £3.12 billion, a P/E ratio of 12.32, a PEG ratio of 0.24 and a beta of 0.20. The stock has a 50 day moving average of GBX 3,765.31 and a 200-day moving average of GBX 3,367.64.

Plus500 Company Profile

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.