Plus500 (LON:PLUS) Reaches New 12-Month High at $2,190.00

Posted by ABMN Staff on Apr 29th, 2024

Plus500 Ltd. (LON:PLUS – Get Free Report) reached a new 52-week high on Monday . The company traded as high as GBX 2,190 ($27.05) and last traded at GBX 2,152.76 ($26.59), with a volume of 84132 shares trading hands. The stock had previously closed at GBX 2,156 ($26.63).

Wall Street Analysts Forecast Growth

PLUS has been the subject of a number of analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 2,300 ($28.41) price target on shares of Plus500 in a research report on Tuesday, February 20th. Canaccord Genuity Group boosted their price objective on shares of Plus500 from GBX 1,623 ($20.05) to GBX 1,883 ($23.26) and gave the company a “speculative buy” rating in a research report on Friday, March 1st.

Get Our Latest Stock Report on Plus500

Plus500 Stock Performance

The firm has a market capitalization of £1.68 billion, a price-to-earnings ratio of 869.35, a P/E/G ratio of 0.24 and a beta of 0.06. The company has a debt-to-equity ratio of 2.63, a current ratio of 3.29 and a quick ratio of 3.89. The firm’s 50-day simple moving average is GBX 1,858.58 and its 200 day simple moving average is GBX 1,687.15.

Plus500 Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, February 29th will be paid a dividend of $0.95 per share. This represents a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, February 29th. This is a boost from Plus500’s previous dividend of $0.73. Plus500’s payout ratio is presently 2,620.97%.

Plus500 Company Profile

(Get Free Report)

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.