Liberum Capital Reiterates “Buy” Rating for Plus500 (LON:PLUS)

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Liberum Capital reissued their buy rating on shares of Plus500 (LON:PLUS) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.

A number of other research firms have also recently issued reports on PLUS. Berenberg Bank reaffirmed a hold rating and issued a GBX 810 ($10.66) price target on shares of Plus500 in a report on Tuesday, January 7th. Peel Hunt reaffirmed a reduce rating on shares of Plus500 in a report on Monday, January 6th. Three 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. The stock currently has a consensus rating of Hold and a consensus target price of GBX 707.20 ($9.30).

Plus500 stock opened at GBX 870.20 ($11.45) on Tuesday. The stock has a 50-day simple moving average of GBX 900.08 and a 200 day simple moving average of GBX 785.67. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 2.34. Plus500 has a 12-month low of GBX 399.70 ($5.26) and a 12-month high of GBX 1,668 ($21.94). The stock has a market capitalization of $943.85 million and a price-to-earnings ratio of 5.86.

The company also recently disclosed a dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, February 27th will be given a $0.38 dividend. This represents a yield of 3.19%. This is a positive change from Plus500’s previous dividend of $0.27. The ex-dividend date is Thursday, February 27th. Plus500’s dividend payout ratio (DPR) is presently 0.48%.

In other news, insider Alon Gonen acquired 500,000 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was purchased at an average cost of GBX 763 ($10.04) per share, for a total transaction of £3,815,000 ($5,018,416.21).

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.

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Analyst Recommendations for Plus500 (LON:PLUS)

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