Plus500 (LON:PLUS) Reaches New 1-Year High at $2,122.00

Plus500 Ltd. (LON:PLUS) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2,122 ($26.42) and last traded at GBX 2,112 ($26.29), with a volume of 69302 shares trading hands. The stock had previously closed at GBX 2,092 ($26.04).

Wall Street Analyst Weigh In

Several brokerages recently commented on PLUS. Jefferies Financial Group reissued a “buy” rating and set a GBX 2,300 ($28.63) price target on shares of Plus500 in a research report on Tuesday, February 20th. Canaccord Genuity Group increased their price target on Plus500 from GBX 1,623 ($20.20) to GBX 1,883 ($23.44) and gave the company a “speculative buy” rating in a research report on Friday, March 1st.

Plus500 Stock Up 0.9 %

The firm has a 50-day moving average of GBX 1,826.92 and a 200 day moving average of GBX 1,659.52. The company has a debt-to-equity ratio of 2.63, a current ratio of 3.29 and a quick ratio of 3.89. The stock has a market capitalization of £1.65 billion, a price-to-earnings ratio of 854.03, a PEG ratio of 0.24 and a beta of 0.06.

Plus500 Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, July 11th. Stockholders of record on Thursday, February 29th will be given a $0.95 dividend. This represents a dividend yield of 4.11%. This is a boost from Plus500’s previous dividend of $0.73. The ex-dividend date is Thursday, February 29th. Plus500’s dividend payout ratio (DPR) is presently 2,620.97%.

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.