Plus500’s (PLUS) Reduce Rating Reiterated at Peel Hunt
Peel Hunt reissued their reduce rating on shares of Plus500 (LON:PLUS) in a research note released on Monday morning, Digital Look reports. Peel Hunt currently has a GBX 600 ($7.84) price target on the stock, up from their previous price target of GBX 526 ($6.87).
Several other equities research analysts also recently weighed in on the company. Peel Hunt reissued a reduce rating and set a GBX 526 ($6.87) price objective on shares of Plus500 in a report on Friday, June 28th. Liberum Capital reissued a buy rating on shares of Plus500 in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 703.20 ($9.19).
LON PLUS opened at GBX 724 ($9.46) on Monday. Plus500 has a twelve month low of GBX 399.70 ($5.22) and a twelve month high of GBX 2,064 ($26.97). The company has a market cap of $820.22 million and a price-to-earnings ratio of 2.18. The business’s fifty day moving average is GBX 611.14 and its 200 day moving average is GBX 714.09.
In other news, insider Asaf Elimelech acquired 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of GBX 684 ($8.94) per share, with a total value 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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