Numis Securities Ltd Reiterates “Buy” Rating for Plus500 (PLUS)
Plus500 (LON:PLUS)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 838 ($14.06) target price on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 59.62% from the stock’s previous close.
Shares of Plus500 (LON:PLUS) opened at 524.00 on Tuesday. Plus500 has a 52-week low of GBX 344.67 and a 52-week high of GBX 707.00. The stock has a 50-day moving average of GBX 452.5 and a 200-day moving average of GBX 516.2. The company’s market cap is £602.0 million.
Separately, analysts at Liberum Capital reiterated a “buy” rating on shares of Plus500 in a research note on Tuesday, July 1st. They now have a GBX 750 ($12.58) price target on the stock.
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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