Plus500 (LON:PLUS) Hits New 12-Month High – Still a Buy?

Shares of Plus500 Ltd. (LON:PLUS) reached a new 52-week high on Wednesday . The company traded as high as GBX 5,535 and last traded at GBX 4,802, with a volume of 91081 shares. The stock had previously closed at GBX 4,814.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 5,100 price objective on shares of Plus500 in a research note on Tuesday. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Plus500 has a consensus rating of “Buy” and a consensus price target of GBX 4,083.33.

Plus500 Price Performance

The company has a debt-to-equity ratio of 3.94, a current ratio of 299.59 and a quick ratio of 3.89. The business’s fifty day moving average price is GBX 4,571.23 and its 200-day moving average price is GBX 4,217.63. The stock has a market capitalization of £3.34 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 0.24 and a beta of 0.39.

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.