Plus500 (LON:PLUS) had its price target hoisted by stock analysts at Berenberg Bank from GBX 1,130 ($15.11) to GBX 1,200 ($16.04) in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 16.50% from the company’s previous close.

Separately, Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,069 ($14.29) target price on shares of Plus500 in a report on Wednesday.

Plus500 (LON:PLUS) opened at GBX 1,030 ($13.77) on Wednesday. Plus500 has a fifty-two week low of GBX 380.75 ($5.09) and a fifty-two week high of GBX 1,062 ($14.20). The stock has a market capitalization of $1,170.00 and a PE ratio of 980.95.

In related news, insider Michael (Mark) Charles Fairbairn purchased 5,000 shares of Plus500 stock in a transaction on Thursday, November 2nd. The shares were purchased at an average price of GBX 1,040 ($13.91) per share, for a total transaction of £52,000 ($69,528.01). Also, insider Daniel Joseph King purchased 5,323 shares of Plus500 stock in a transaction on Tuesday, November 14th. The stock was bought at an average price of GBX 939 ($12.56) per share, for a total transaction of £49,982.97 ($66,831.09).

ILLEGAL ACTIVITY WARNING: “Plus500 (PLUS) PT Raised to GBX 1,200 at Berenberg Bank” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/03/plus500-plus-pt-raised-to-gbx-1200-at-berenberg-bank.html.

About Plus500

Plus500 Ltd is an Israel-based online provider of Contracts for Difference (CFDs). The Company develops and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, indices, commodities, options, exchange-traded funds (ETFs) and foreign exchange.

Receive News & Ratings for Plus500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plus500 and related companies with MarketBeat.com's FREE daily email newsletter.