Plus500’s (PLUS) “Reduce” Rating Reaffirmed at Peel Hunt
Peel Hunt reiterated their reduce rating on shares of Plus500 (LON:PLUS) in a report released on Friday morning, ThisIsMoney.Co.Uk reports.
Other analysts have also recently issued research reports about the stock. Liberum Capital reiterated a buy rating on shares of Plus500 in a research note on Friday. Berenberg Bank reduced their price objective on shares of Plus500 from GBX 810 ($10.66) to GBX 790 ($10.39) and set a hold rating for the company in a research note on Friday, February 14th.
Shares of LON PLUS traded up GBX 77.20 ($1.02) during midday trading on Friday, hitting GBX 949.60 ($12.49). The company had a trading volume of 3,309,076 shares, compared to its average volume of 1,440,000. The company has a quick ratio of 10.72, a current ratio of 10.72 and a debt-to-equity ratio of 2.01. Plus500 has a twelve month low of GBX 399.70 ($5.26) and a twelve month high of GBX 962.40 ($12.66). The business has a 50-day simple moving average of GBX 898.68 and a two-hundred day simple moving average of GBX 804.07. The firm has a market capitalization of $1.03 billion and a price-to-earnings ratio of 7.04.
In other Plus500 news, insider Elad Even-Chen bought 11,000 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was bought at an average price of GBX 831 ($10.93) per share, for a total transaction of £91,410 ($120,244.67). Also, insider Alon Gonen bought 500,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were acquired at an average price of GBX 763 ($10.04) per share, with a total value 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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