Plus500 (LON:PLUS) Shares Cross Below 200 Day Moving Average of $670.03

Plus500 Ltd (LON:PLUS) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $670.03 and traded as low as $663.79. Plus500 shares last traded at $681.60, with a volume of 803,656 shares trading hands.

A number of research firms have recently commented on PLUS. Peel Hunt raised their target price on Plus500 from GBX 526 ($6.87) to GBX 600 ($7.84) and gave the company a “reduce” rating in a research note on Tuesday, August 13th. Liberum Capital restated a “buy” rating on shares of Plus500 in a research note on Friday, August 23rd. Peel Hunt restated a “reduce” rating on shares of Plus500 in a research note on Friday, August 23rd. Finally, Berenberg Bank raised their target price on Plus500 from GBX 770 ($10.06) to GBX 800 ($10.45) and gave the company a “hold” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 709.20 ($9.27).

The stock has a 50 day simple moving average of GBX 648.16 and a 200-day simple moving average of GBX 670.03. The firm has a market cap of $771.35 million and a PE ratio of 4.59. The company has a debt-to-equity ratio of 2.34, a current ratio of 3.62 and a quick ratio of 3.62.

The business also recently disclosed a dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, August 29th will be paid a dividend of $0.27 per share. This represents a yield of 3.46%. The ex-dividend date of this dividend is Thursday, August 29th. Plus500’s payout ratio is 0.48%.

In related news, insider Asaf Elimelech acquired 30,000 shares of the stock in a transaction on Wednesday, August 14th. The stock was 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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