Plus500 (LON:PLUS) Hits New 1-Year High at $2,014.00

Shares of Plus500 Ltd. (LON:PLUS) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 2,014 ($25.07) and last traded at GBX 1,979 ($24.64), with a volume of 689433 shares changing hands. The stock had previously closed at GBX 2,003 ($24.93).

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,300 ($28.63) target price on shares of Plus500 in a report on Tuesday, February 20th. Canaccord Genuity Group increased their price target on shares of Plus500 from GBX 1,623 ($20.20) to GBX 1,883 ($23.44) and gave the company a “speculative buy” rating in a research report on Friday, March 1st.

Plus500 Stock Up 1.7 %

The firm has a market cap of £1.61 billion, a PE ratio of 817.74, a PEG ratio of 0.24 and a beta of 0.06. The company has a debt-to-equity ratio of 2.63, a quick ratio of 3.89 and a current ratio of 3.29. The company’s 50-day simple moving average is GBX 1,813.76 and its two-hundred day simple moving average is GBX 1,647.45.

Plus500 Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, July 11th. Shareholders of record on Thursday, February 29th will be given a dividend of $0.95 per share. The ex-dividend date of this dividend is Thursday, February 29th. This represents a yield of 4.11%. This is a boost from Plus500’s previous dividend of $0.73. Plus500’s dividend payout ratio is presently 2,620.97%.

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.