Plus500 (LON:PLUS) Sets New 1-Year High at $2,014.00

Plus500 Ltd. (LON:PLUS)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 2,014 ($25.07) and last traded at GBX 1,979 ($24.64), with a volume of 689433 shares traded. The stock had previously closed at GBX 2,003 ($24.93).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 2,300 ($28.63) price objective on shares of Plus500 in a report on Tuesday, February 20th. Canaccord Genuity Group boosted their price objective on Plus500 from GBX 1,623 ($20.20) to GBX 1,883 ($23.44) and gave the stock a “speculative buy” rating in a report on Friday, March 1st.

Plus500 Trading Up 2.5 %

The company has a quick ratio of 3.89, a current ratio of 3.29 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of £1.58 billion, a P/E ratio of 812.10, a PEG ratio of 0.24 and a beta of 0.06. The firm has a 50 day moving average of GBX 1,802.86 and a 200-day moving average of GBX 1,640.26.

Plus500 Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, February 29th will be paid a $0.95 dividend. This is a boost from Plus500’s previous dividend of $0.73. This represents a dividend yield of 4.11%. The ex-dividend date is Thursday, February 29th. Plus500’s payout ratio is 2,620.97%.

About Plus500

Plus500 Ltd., a fintech company, operates technology-based trading platformsin Europe, the United Kingdom, Australia, and internationally. The company operates an online and mobile trading platform within 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.