Libertas Partners Reiterates “Buy” Rating for Plus500 (PLUS)

Plus500 (LON:PLUS)‘s stock had its “buy” rating reaffirmed by equities researchers at Libertas Partners in a research report issued to clients and investors on Wednesday. They presently have a GBX 1,232 ($17.27) price target on the stock. Libertas Partners’ price target points to a potential upside of 11.70% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Liberum Capital reiterated a “buy” rating on shares of Plus500 in a report on Wednesday, January 10th. Berenberg Bank upped their target price on Plus500 from GBX 1,130 ($15.84) to GBX 1,200 ($16.83) and gave the stock a “buy” rating in a report on Wednesday, January 3rd.

Plus500 (LON PLUS) opened at GBX 1,103 ($15.47) on Wednesday. The company has a market capitalization of $1,210.00 and a price-to-earnings ratio of 1,081.37. Plus500 has a 12-month low of GBX 409.25 ($5.74) and a 12-month high of GBX 1,220 ($17.11).

In other news, insider Daniel Joseph King bought 5,323 shares of the stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of GBX 939 ($13.17) per share, for a total transaction of £49,982.97 ($70,082.68).

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Plus500 Company Profile

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.

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