Plus500 (LON:PLUS) Hits New 1-Year High – Should You Buy?

Plus500 Ltd. (LON:PLUS) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 2,648 ($33.78) and last traded at GBX 2,636 ($33.63), with a volume of 92895 shares trading hands. The stock had previously closed at GBX 2,608 ($33.27).

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price target on shares of Plus500 from GBX 2,300 ($29.34) to GBX 2,800 ($35.72) and gave the company a “buy” rating in a report on Tuesday, August 20th.

Plus500 Stock Up 1.1 %

The business has a 50-day simple moving average of GBX 2,464.42 and a 200-day simple moving average of GBX 2,398.09. The company has a market cap of £1.96 billion, a PE ratio of 1,006.95, a P/E/G ratio of 0.24 and a beta of 0.20. The company has a quick ratio of 3.89, a current ratio of 2.70 and a debt-to-equity ratio of 2.38.

About Plus500

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.