Plus500 (LON:PLUS) Reaches New 12-Month High at $2,190.00

Plus500 Ltd. (LON:PLUS)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 2,190 ($27.05) and last traded at GBX 2,152.76 ($26.59), with a volume of 84132 shares changing hands. The stock had previously closed at GBX 2,156 ($26.63).

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PLUS shares. Canaccord Genuity Group raised their price objective on shares of Plus500 from GBX 1,623 ($20.05) to GBX 1,883 ($23.26) and gave the company a “speculative buy” rating in a research report on Friday, March 1st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,300 ($28.41) target price on shares of Plus500 in a research report on Tuesday, February 20th.

Plus500 Stock Performance

The firm has a market cap of £1.68 billion, a P/E ratio of 869.35, a price-to-earnings-growth ratio of 0.24 and a beta of 0.06. The company has a current ratio of 3.29, a quick ratio of 3.89 and a debt-to-equity ratio of 2.63. The business’s fifty day simple moving average is GBX 1,858.58 and its 200-day simple moving average is GBX 1,687.15.

Plus500 Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, February 29th will be issued a $0.95 dividend. This represents a yield of 4.11%. The ex-dividend date is Thursday, February 29th. This is a positive change from Plus500’s previous dividend of $0.73. Plus500’s dividend payout ratio (DPR) is 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.