Plus500 (LON:PLUS) had its price target lowered by investment analysts at Liberum Capital from GBX 2,800 ($36.59) to GBX 1,760 ($23.00) in a research report issued to clients and investors on Tuesday. The firm presently has a “buy” rating on the stock. Liberum Capital’s price target points to a potential upside of 60.12% from the company’s previous close.
Several other equities analysts have also recently commented on PLUS. Peel Hunt started coverage on shares of Plus500 in a research report on Tuesday, December 18th. They set a “hold” rating and a GBX 1,500 ($19.60) price target on the stock. Berenberg Bank increased their price target on shares of Plus500 from GBX 800 ($10.45) to GBX 2,320 ($30.31) and gave the stock a “buy” rating in a research report on Friday, January 11th.
Shares of PLUS stock opened at GBX 1,099.16 ($14.36) on Tuesday. Plus500 has a one year low of GBX 414.79 ($5.42) and a one year high of GBX 1,324 ($17.30).
In other news, insider Alon Gonen sold 2,250,000 shares of the 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 transaction of £31,275,000 ($40,866,326.93).
Plus500 Company Profile
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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