Numis Securities Ltd Initiates Coverage on Plus500 (PLUS)
Equities researchers at Numis Securities Ltd initiated coverage on shares of Plus500 (LON:PLUS) in a research report issued on Wednesday, StockRatingsNetwork.com reports. The firm set a “buy” rating and a GBX 824 ($13.88) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 31.63% from the company’s current price.
A number of other analysts have also recently weighed in on PLUS. Analysts at Liberum Capital reiterated a “buy” rating on shares of Plus500 in a research note on Wednesday, April 2nd. They now have a GBX 750 ($12.63) price target on the stock. Separately, analysts at Beaufort Securities initiated coverage on shares of Plus500 in a research note on Thursday, February 20th. They set a “speculative buy” rating on the stock.
Shares of Plus500 (LON:PLUS) opened at 644.50 on Wednesday. Plus500 has a 1-year low of GBX 486.00 and a 1-year high of GBX 707.00. The stock has a 50-day moving average of GBX 589.4 and a 200-day moving average of GBX 344.4. The company’s market cap is £740.5 million.
Plus500 Ltd., formerly Investsoft Ltd., is an Israel-based company, which develops and operates an online trading platform for retail customers to trade a contract for difference (LON:PLUS) internationally over more than 1,700 different underlying global financial instruments, comprising equities, exchange traded funds (ETF), foreign exchange, indices and commodities.
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