Plus500 (LON:PLUS) Reaches New 52-Week High – Still a Buy?

Plus500 Ltd. (LON:PLUS)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,646 and last traded at GBX 3,592, with a volume of 7205 shares. The stock had previously closed at GBX 3,596.

Wall Street Analysts Forecast Growth

Separately, Liberum Capital reiterated a “buy” rating and set a GBX 3,750 target price on shares of Plus500 in a research report on Tuesday, November 18th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 3,304.67.

Plus500 Stock Down 0.3%

The company has a 50 day simple moving average of GBX 3,257.03 and a two-hundred day simple moving average of GBX 3,236.80. The company has a market capitalization of £2.48 billion, a P/E ratio of 9.96, a PEG ratio of 0.24 and a beta of 0.20.

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.