Plus500 (LON:PLUS) had its price objective dropped by investment analysts at Berenberg Bank from GBX 2,320 ($30.31) to GBX 1,800 ($23.52) in a research note issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 61.15% from the stock’s current price.
Other equities analysts have also issued research reports about the stock. Peel Hunt reiterated an “under review” rating on shares of Plus500 in a research report on Tuesday. Liberum Capital lowered their price objective on shares of Plus500 from GBX 2,800 ($36.59) to GBX 1,760 ($23.00) and set a “buy” rating for the company in a research report on Tuesday.
PLUS stock opened at GBX 1,117 ($14.60) on Tuesday. Plus500 has a 52 week low of GBX 414.79 ($5.42) and a 52 week high of GBX 1,324 ($17.30).
In related news, insider Alon Gonen sold 2,250,000 shares of the firm’s stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of GBX 1,390 ($18.16), for a total value of £31,275,000 ($40,866,326.93).
Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Its platform allows its customers to trade CFDs over approximately 2,200 financial instruments, such as equities, indices, commodities, options, exchange-traded funds, cryptocurrencies, and foreign exchange in approximately 50 countries in 32 languages.
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