Plus500’s (PLUS) Reduce Rating Reiterated at Peel Hunt

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Peel Hunt reaffirmed their reduce rating on shares of Plus500 (LON:PLUS) in a research report sent to investors on Monday morning, Digital Look reports. They currently have a GBX 600 ($7.84) price objective on the stock, up from their prior price objective of GBX 526 ($6.87).

A number of other equities analysts have also recently issued reports on PLUS. Liberum Capital restated a buy rating on shares of Plus500 in a report on Monday, July 15th. Peel Hunt restated a reduce rating and issued a GBX 526 ($6.87) target price on shares of Plus500 in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. Plus500 currently has an average rating of Hold and an average price target of GBX 703.20 ($9.19).

Shares of LON PLUS opened at GBX 722.74 ($9.44) on Monday. The firm has a market cap of $815.69 million and a PE ratio of 2.17. The stock has a fifty day moving average of GBX 608.11. Plus500 has a 52-week low of GBX 399.70 ($5.22) and a 52-week high of GBX 2,064 ($26.97).

The business also recently announced a dividend, which will be paid on Thursday, November 28th. Investors of record on Thursday, August 29th will be issued a $0.27 dividend. This represents a dividend yield of 3.46%. The ex-dividend date is Thursday, August 29th. Plus500’s payout ratio is 0.47%.

About Plus500

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Its platform allows its customers to trade CFDs over approximately 2,200 financial instruments, such as equities, indices, commodities, options, exchange-traded funds, cryptocurrencies, and foreign exchange in approximately 50 countries in 32 languages.

Further Reading: Why does the United States have a lingering trade deficit?

Analyst Recommendations for Plus500 (LON:PLUS)

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