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Stock analysts at N+1 Singer increased their price objective on shares of Plus500 (LON:PLUS) from GBX 824 ($13.82) to GBX 838 ($14.06) in a report issued on Tuesday. The firm currently has a “buy” rating on the stock. N+1 Singer’s price objective would suggest a potential upside of 59.62% from the company’s current price.

Shares of Plus500 (LON:PLUS) opened at 518.00 on Tuesday. Plus500 has a 1-year low of GBX 344.67 and a 1-year high of GBX 707.00. The stock’s 50-day moving average is GBX 452.5 and its 200-day moving average is GBX 516.2. The company’s market cap is £595.1 million.

Other equities research analysts have also recently issued reports about the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Plus500 in a research note on Tuesday. They now have a GBX 838 ($14.06) price target on the stock. 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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