Plus500’s (PLUS) “Buy” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their buy rating on shares of Plus500 (LON:PLUS) in a research note issued to investors on Monday, MarketBeat Ratings reports. Jefferies Financial Group currently has a GBX 5,100 target price on the stock.

Plus500 Stock Down 0.4%

Plus500 stock opened at GBX 4,512 on Monday. The firm has a market cap of £3.15 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 0.24 and a beta of 0.36. Plus500 has a 52 week low of GBX 2,874 and a 52 week high of GBX 4,974. The business’s 50-day moving average price is GBX 4,243.61 and its 200 day moving average price is GBX 3,783.21. The company has a quick ratio of 3.89, a current ratio of 299.59 and a debt-to-equity ratio of 7.38.

Plus500 announced that its board has approved a stock repurchase program on Monday, February 16th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insider Activity

In other news, insider David Zruia sold 450,792 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total transaction of £20,186,465.76. Also, insider Elad Even-Chen sold 940,000 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total value of £42,093,200. 51.28% of the stock is owned by company insiders.

Plus500 Company Profile

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.