Shares of Plus500 Ltd (LON:PLUS) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $665.98 and traded as high as $757.80. Plus500 shares last traded at $730.00, with a volume of 581,293 shares changing hands.
A number of research analysts recently commented on the company. Berenberg Bank upped their price objective on Plus500 from GBX 770 ($10.06) to GBX 800 ($10.45) and gave the stock a “hold” rating in a research note on Thursday, August 22nd. Liberum Capital reissued a “buy” rating on shares of Plus500 in a research note on Friday, August 23rd. Peel Hunt raised their price target on Plus500 from GBX 526 ($6.87) to GBX 600 ($7.84) and gave the stock a “reduce” rating in a research note on Tuesday, August 13th. Finally, Peel Hunt reissued a “reduce” rating on shares of Plus500 in a report on Friday, August 23rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 709.20 ($9.27).
The company has a 50 day moving average price of GBX 670 and a 200 day moving average price of GBX 650.10. The company has a market capitalization of $866.91 million and a price-to-earnings ratio of 5.25. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 2.34.
In related news, insider Asaf Elimelech bought 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of GBX 684 ($8.94) per share, for a total transaction of £205,200 ($268,130.15).
Plus500 Company Profile (LON:PLUS)
Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Its platform allows its customers to trade CFDs over approximately 2,200 financial instruments, such as equities, indices, commodities, options, exchange-traded funds, cryptocurrencies, and foreign exchange in approximately 50 countries in 32 languages.
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