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

Plus500 Ltd. (LON:PLUS)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 4,022 and last traded at GBX 4,020, with a volume of 81571 shares traded. The stock had previously closed at GBX 3,908.

Analyst Ratings Changes

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

Plus500 Stock Performance

The stock has a market cap of £2.83 billion, a price-to-earnings ratio of 11.17, a P/E/G ratio of 0.24 and a beta of 0.20. The business has a 50-day simple moving average of GBX 3,419.37 and a two-hundred day simple moving average of GBX 3,272.53.

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.