Liberum Capital Cuts Plus500 (PLUS) Price Target to GBX 1,760

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Plus500 (LON:PLUS) had its price objective reduced by Liberum Capital from GBX 2,800 ($36.59) to GBX 1,760 ($23.00) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s price target would indicate a potential upside of 76.00% from the company’s current price.

PLUS has been the topic of a number of other research reports. Peel Hunt initiated coverage on Plus500 in a report on Tuesday, December 18th. They issued a “hold” rating and a GBX 1,500 ($19.60) target price on the stock. Berenberg Bank increased their target price on Plus500 from GBX 800 ($10.45) to GBX 2,320 ($30.31) and gave the company a “buy” rating in a report on Friday, January 11th.

PLUS stock opened at GBX 1,000 ($13.07) on Tuesday. Plus500 has a fifty-two week low of GBX 414.79 ($5.42) and a fifty-two week high of GBX 1,324 ($17.30).

In other Plus500 news, insider Alon Gonen sold 2,250,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of GBX 1,390 ($18.16), for a total value of £31,275,000 ($40,866,326.93).

Plus500 Company Profile

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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