Plus500’s (PLUS) “Buy” Rating Reaffirmed at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Plus500 (LON:PLUS) in a report released on Monday morning, Marketbeat Ratings reports. They currently have a GBX 5,100 target price on the stock.

Plus500 Stock Performance

Shares of Plus500 stock opened at GBX 4,602.62 on Monday. Plus500 has a 52 week low of GBX 2,874 and a 52 week high of GBX 4,974. The company has a quick ratio of 3.89, a current ratio of 299.59 and a debt-to-equity ratio of 7.38. The business has a 50 day moving average price of GBX 4,255.16 and a 200-day moving average price of GBX 3,768.48. The company has a market cap of £3.22 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 0.24 and a beta of 0.36.

Plus500 announced that its board has initiated a stock buyback program on Monday, February 16th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Plus500

In other Plus500 news, insider Elad Even-Chen sold 940,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total value of £42,093,200. Also, insider David Zruia sold 450,792 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total transaction of £20,186,465.76. 51.28% of the stock is owned by company insiders.

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.