Berenberg Bank Increases Plus500 (PLUS) Price Target to GBX 1,540

Plus500 (LON:PLUS) had its price objective hoisted by equities research analysts at Berenberg Bank from GBX 1,200 ($16.58) to GBX 1,540 ($21.28) in a report released on Wednesday. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 31.06% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. Liberum Capital upped their price target on Plus500 from GBX 1,232 ($17.02) to GBX 1,507 ($20.82) and gave the stock a “buy” rating in a research report on Wednesday. Libertas Partners reaffirmed a “buy” rating and set a GBX 1,232 ($17.02) price target on shares of Plus500 in a research report on Wednesday, February 7th.

Plus500 (PLUS) traded down GBX 5 ($0.07) during trading hours on Wednesday, reaching GBX 1,175 ($16.23). The company’s stock had a trading volume of 2,987,788 shares, compared to its average volume of 655,376. Plus500 has a 52-week low of GBX 414.79 ($5.73) and a 52-week high of GBX 1,324 ($18.29). The firm has a market cap of $1,340.00 and a P/E ratio of 1,151.96.

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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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