Peel Hunt Boosts Plus500 (LON:PLUS) Price Target to GBX 600

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Plus500 (LON:PLUS) had its price target increased by Peel Hunt from GBX 526 ($6.87) to GBX 600 ($7.84) in a research note issued to investors on Tuesday, LSE.Co.UK reports. They currently have a reduce rating on the stock.

Several other research firms have also commented on PLUS. Peel Hunt reiterated a reduce rating and set a GBX 600 ($7.84) price target (up previously from GBX 526 ($6.87)) on shares of Plus500 in a report on Monday. Liberum Capital reiterated a buy rating and set a GBX 1,000 ($13.07) price target on shares of Plus500 in a report on Tuesday. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. Plus500 currently has an average rating of Hold and a consensus price target of GBX 703.20 ($9.19).

LON PLUS opened at GBX 721.80 ($9.43) on Tuesday. Plus500 has a 52 week low of GBX 399.70 ($5.22) and a 52 week high of GBX 2,064 ($26.97). The business’s fifty day simple moving average is GBX 611.14 and its 200-day simple moving average is GBX 714.09. The firm has a market cap of $817.73 million and a PE ratio of 2.17.

The business also recently declared a dividend, which will be paid on Thursday, November 28th. Stockholders of record on Thursday, August 29th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, August 29th. This represents a dividend yield of 3.46%. Plus500’s dividend payout ratio is presently 0.47%.

In related news, insider Asaf Elimelech purchased 30,000 shares of Plus500 stock in a transaction dated Wednesday, August 14th. The shares were acquired at an average price of GBX 684 ($8.94) per share, for a total transaction of £205,200 ($268,130.15).

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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Analyst Recommendations for Plus500 (LON:PLUS)

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