Liberum Capital Reiterates “Buy” Rating for Plus500 (LON:PLUS)
Liberum Capital reiterated their buy rating on shares of Plus500 (LON:PLUS) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research firms have also recently commented on PLUS. Berenberg Bank restated a hold rating and issued a GBX 810 ($10.66) target price on shares of Plus500 in a research note on Tuesday, January 7th. Peel Hunt restated a reduce rating on shares of Plus500 in a research note on Monday, January 6th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of Hold and an average target price of GBX 707.20 ($9.30).
LON PLUS opened at GBX 870.20 ($11.45) on Tuesday. The stock has a market capitalization of $943.85 million and a price-to-earnings ratio of 5.86. The stock’s 50 day moving average price is GBX 900.08 and its two-hundred day moving average price is GBX 785.67. The company has a debt-to-equity ratio of 2.34, a quick ratio of 3.62 and a current ratio of 3.62. Plus500 has a 52 week low of GBX 399.70 ($5.26) and a 52 week high of GBX 1,668 ($21.94).
In other news, insider Alon Gonen bought 500,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were purchased at an average price of GBX 763 ($10.04) per share, for a total transaction of £3,815,000 ($5,018,416.21).
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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