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

Plus500 Ltd. (LON:PLUS) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 5,435 and last traded at GBX 4,790, with a volume of 8538 shares traded. The stock had previously closed at GBX 4,812.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,100 price objective on shares of Plus500 in a research note on Monday, April 20th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 4,083.33.

Plus500 Price Performance

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 firm’s 50 day simple moving average is GBX 4,518.66 and its 200 day simple moving average is GBX 4,175.73. The company has a market capitalization of £3.33 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 0.24 and a beta of 0.39.

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.