Plus500 (LON:PLUS) Sets New 1-Year High – What’s Next?

Plus500 Ltd. (LON:PLUS) hit a new 52-week high during mid-day trading on Wednesday . The company 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.

Analysts Set New Price Targets

Separately, Liberum Capital restated a “buy” rating and issued a GBX 3,750 price objective on shares of Plus500 in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Plus500 presently has a consensus rating of “Moderate Buy” and an average target price of GBX 3,304.67.

Plus500 Stock Performance

The company has a market capitalization of £3.27 billion, a PE ratio of 12.90, a P/E/G ratio of 0.24 and a beta of 0.20. The company’s 50-day moving average is GBX 3,703.60 and its 200 day moving average is GBX 3,349.13.

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.