Plus500 (PLUS) Hits New 1-Year High Following Analyst Upgrade

Plus500 Ltd (LON:PLUS) hit a new 52-week high during trading on Wednesday after Liberum Capital raised their price target on the stock from GBX 1,232 to GBX 1,507. Liberum Capital currently has a buy rating on the stock. Plus500 traded as high as GBX 1,324 ($18.29) and last traded at GBX 1,175 ($16.23), with a volume of 2987788 shares. The stock had previously closed at GBX 1,180 ($16.30).

Several other equities research analysts have also recently commented on PLUS. Libertas Partners reissued a “buy” rating and set a GBX 1,232 ($17.02) target price on shares of Plus500 in a report on Wednesday, February 7th. Berenberg Bank boosted their target price on Plus500 from GBX 1,130 ($15.61) to GBX 1,200 ($16.58) and gave the stock a “buy” rating in a report on Wednesday, January 3rd.

The stock has a market cap of $1,340.00 and a PE ratio of 1,151.96.

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About Plus500

Plus500 Ltd is an Israel-based online provider of Contracts for Difference (CFDs). The Company develops and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, indices, commodities, options, exchange-traded funds (ETFs) and foreign exchange.

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