Plus500 (LON:PLUS) Stock Price Passes Above 50-Day Moving Average of $1,903.98

Posted by ABMN Staff on May 7th, 2024

Plus500 Ltd. (LON:PLUS – Get Free Report)’s share price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,903.98 ($23.92) and traded as high as GBX 2,212 ($27.79). Plus500 shares last traded at GBX 2,210 ($27.76), with a volume of 243,015 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group increased their price objective on Plus500 from GBX 1,623 ($20.39) to GBX 1,883 ($23.66) and gave the stock a “speculative buy” rating in a report on Friday, March 1st. Jefferies Financial Group restated a “buy” rating and set a GBX 2,300 ($28.89) price target on shares of Plus500 in a research note on Tuesday, February 20th.

Read Our Latest Report on PLUS

Plus500 Price Performance

The company has a market cap of £1.71 billion, a price-to-earnings ratio of 887.55, a PEG ratio of 0.24 and a beta of 0.06. The business has a 50-day simple moving average of GBX 1,903.98 and a two-hundred day simple moving average of GBX 1,724.44. The company has a quick ratio of 3.89, a current ratio of 3.29 and a debt-to-equity ratio of 2.63.

Plus500 Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, February 29th will be issued a $0.95 dividend. This is a positive change from Plus500’s previous dividend of $0.73. This represents a yield of 4.11%. The ex-dividend date is Thursday, February 29th. Plus500’s payout ratio is 2,610.44%.

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.