Jefferies Financial Group Reaffirms Buy Rating for Plus500 (LON:PLUS)

Plus500 (LON:PLUS)‘s stock had its “buy” rating reissued by investment analysts at Jefferies Financial Group in a note issued to investors on Tuesday,London Stock Exchange reports. They presently have a GBX 5,100 price objective on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 6.21% from the company’s previous close.

Plus500 Stock Performance

PLUS stock traded down GBX 12 on Tuesday, hitting GBX 4,802. The company had a trading volume of 2,108,179 shares, compared to its average volume of 1,839,713. Plus500 has a 12-month low of GBX 2,874 and a 12-month high of GBX 5,535. The company has a current ratio of 299.59, a quick ratio of 3.89 and a debt-to-equity ratio of 3.94. The stock’s 50-day simple moving average is GBX 4,558.92 and its 200 day simple moving average is GBX 4,207.62. The stock has a market cap of £3.34 billion, a price-to-earnings ratio of 12.67, a P/E/G ratio of 0.24 and a beta of 0.39.

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.