Elad Even-Chen Sells 940,000 Shares of Plus500 (LON:PLUS) Stock

Plus500 Ltd. (LON:PLUS) insider Elad Even-Chen sold 940,000 shares of Plus500 stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total value of £42,093,200.

Plus500 Stock Down 0.2%

Shares of LON:PLUS opened at GBX 4,460 on Thursday. The firm has a market cap of £3.13 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.24 and a beta of 0.20. Plus500 Ltd. has a 12 month low of GBX 2,464 and a 12 month high of GBX 4,974. The company’s fifty day simple moving average is GBX 3,989.93 and its 200 day simple moving average is GBX 3,448.46.

Plus500 declared that its board has initiated a share buyback program on Monday, February 16th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to reacquire up to 3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Separately, Liberum Capital reiterated a “buy” rating and set a GBX 3,750 price objective on shares of Plus500 in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 3,304.67.

Plus500 Company Profile

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.