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

Shares of Plus500 Ltd. (LON:PLUS) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 5,535 and last traded at GBX 4,802, with a volume of 91081 shares trading hands. The stock had previously closed at GBX 4,814.

Analyst Ratings Changes

Separately, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 5,100 price objective on shares of Plus500 in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 4,083.33.

Plus500 Stock Performance

The firm has a market cap of £3.27 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 0.24 and a beta of 0.39. The stock has a 50 day moving average of GBX 4,591.39 and a 200 day moving average of GBX 4,236.74. The company has a quick ratio of 3.89, a current ratio of 299.59 and a debt-to-equity ratio of 3.94.

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.