Plus500 (PLUS) Reaches New 52-Week High at $1,365.00

Shares of Plus500 (LON:PLUS) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,365 ($19.04) and last traded at GBX 1,364 ($19.02), with a volume of 565033 shares traded. The stock had previously closed at GBX 1,312 ($18.30).

A number of analysts have recently issued reports on PLUS shares. Liberum Capital reaffirmed a “buy” rating and issued a GBX 1,069 ($14.91) price target on shares of Plus500 in a research note on Wednesday, January 3rd. Berenberg Bank lifted their price target on Plus500 from GBX 1,130 ($15.76) to GBX 1,200 ($16.74) and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Finally, Libertas Partners reaffirmed a “buy” rating and issued a GBX 1,232 ($17.18) price target on shares of Plus500 in a research note on Wednesday, February 7th.

The company also recently declared a dividend, which will be paid on Monday, July 23rd. Stockholders of record on Thursday, February 22nd will be paid a $1.45 dividend. The ex-dividend date is Thursday, February 22nd. This is a positive change from Plus500’s previous dividend of $0.24. This represents a dividend yield of 8.46%.

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About Plus500

Plus500 Ltd. develops and operates an online trading platform for retail customers to trade contracts for difference (CFDs). Its platform allows its customers to trade CFDs over approximately 2,100 financial instruments, such as equities, indices, commodities, options, exchange-traded funds, and foreign exchange in approximately 50 countries in 31 languages.

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