Plus500 (LON:PLUS) Sets New 12-Month High – Here’s What Happened

Plus500 Ltd. (LON:PLUS) hit a new 52-week high during trading on Monday . The stock traded as high as GBX 3,768 and last traded at GBX 3,762, with a volume of 282504 shares. The stock had previously closed at GBX 3,606.98.

Wall Street Analyst Weigh In

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

Plus500 Stock Performance

The company has a fifty day moving average of GBX 3,384.21 and a two-hundred day moving average of GBX 3,265.02. The firm has a market capitalization of £2.68 billion, a price-to-earnings ratio of 10.58, 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.