Plus500 (LON:PLUS) Sets New 52-Week High – What’s Next?

Shares of Plus500 Ltd. (LON:PLUS) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 5,050 and last traded at GBX 5,050, with a volume of 97603 shares traded. The stock had previously closed at GBX 4,924.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,100 target price on shares of Plus500 in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Plus500 currently has a consensus rating of “Buy” and a consensus target price of GBX 4,083.33.

Plus500 Price Performance

The firm has a fifty day moving average of GBX 4,619.33 and a two-hundred day moving average of GBX 4,274.92. The stock has a market capitalization of £3.51 billion, a P/E ratio of 13.32, a P/E/G ratio of 0.24 and a beta of 0.39. The company has a debt-to-equity ratio of 3.94, a current ratio of 299.59 and a quick ratio of 3.89.

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.