Plus500 (LON:PLUS) Sets New 52-Week High – Should You Buy?

Plus500 Ltd. (LON:PLUS) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 5,050 and last traded at GBX 5,050, with a volume of 97603 shares trading hands. The stock had previously closed at GBX 4,924.

Analyst Ratings Changes

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 5,100 price objective on shares of Plus500 in a research note on Tuesday, June 23rd. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 4,083.33.

Plus500 Price Performance

The stock has a fifty day moving average price of GBX 4,640.05 and a 200-day moving average price of GBX 4,291.68. The company has a market cap of £3.50 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 0.24 and a beta of 0.39. The company has a debt-to-equity ratio of 3.94, a current ratio of 299.59 and a quick ratio of 3.89.

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.