Plus500 (LON:PLUS) Lifted to Buy at Berenberg Bank
Berenberg Bank upgraded shares of Plus500 (LON:PLUS) to a buy rating in a research report sent to investors on Monday, Stock Target Advisor reports. The brokerage currently has GBX 860 ($11.31) price objective on the stock, up from their previous price objective of GBX 790 ($10.39).
Several other research firms have also weighed in on PLUS. Liberum Capital reaffirmed a buy rating on shares of Plus500 in a report on Monday. Peel Hunt reissued a reduce rating on shares of Plus500 in a report on Monday, March 16th.
PLUS opened at GBX 996.41 ($13.11) on Monday. The firm’s 50-day simple moving average is GBX 884.24 and its 200-day simple moving average is GBX 831.64. The company has a debt-to-equity ratio of 2.01, a quick ratio of 10.72 and a current ratio of 10.72. Plus500 has a twelve month low of GBX 399.70 ($5.26) and a twelve month high of GBX 989.60 ($13.02). The firm has a market cap of $1.07 billion and a price-to-earnings ratio of 7.39.
In related news, insider Elad Even-Chen acquired 11,000 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of GBX 831 ($10.93) per share, with a total value of £91,410 ($120,244.67). Also, insider Asaf Elimelech acquired 5,000 shares of the firm’s stock in a transaction on Monday, March 2nd. The shares were bought at an average cost of GBX 935 ($12.30) per share, for a total transaction of £46,750 ($61,496.97).
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.
Read More: After-Hours Trading
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