Plus500 (PLUS) Reaches New 12-Month High After Analyst Upgrade
Plus500 Ltd (LON:PLUS) shares reached a new 52-week high during mid-day trading on Wednesday after Liberum Capital raised their price target on the stock from GBX 1,232 to GBX 1,507. Liberum Capital currently has a buy rating on the stock. Plus500 traded as high as GBX 1,324 ($18.29) and last traded at GBX 1,175 ($16.23), with a volume of 2987788 shares. The stock had previously closed at GBX 1,180 ($16.30).
PLUS has been the topic of several other research reports. Berenberg Bank lifted their price target on shares of Plus500 from GBX 1,130 ($15.61) to GBX 1,200 ($16.58) and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Libertas Partners restated a “buy” rating and issued a GBX 1,232 ($17.02) price target on shares of Plus500 in a research report on Wednesday, February 7th.
The firm has a market cap of $1,340.00 and a PE ratio of 1,151.96.
Plus500 Ltd is an Israel-based online provider of Contracts for Difference (CFDs). The Company develops and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, indices, commodities, options, exchange-traded funds (ETFs) and foreign exchange.
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