Plus500 (LON:PLUS) Price Target Raised to GBX 600 at Peel Hunt

Plus500 (LON:PLUS) had its target price increased by Peel Hunt from GBX 526 ($6.87) to GBX 600 ($7.84) in a report issued on Tuesday, LSE.Co.UK reports. The firm currently has a reduce rating on the stock.

Other analysts have also recently issued research reports about the stock. Liberum Capital reiterated a buy rating and set a GBX 1,000 ($13.07) price target on shares of Plus500 in a research note on Tuesday. Peel Hunt restated a reduce rating and issued a GBX 600 ($7.84) target price (up previously from GBX 526 ($6.87)) on shares of Plus500 in a research note on Monday, August 12th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 703.20 ($9.19).

Shares of LON:PLUS opened at GBX 705.60 ($9.22) on Tuesday. The stock has a market cap of $799.37 million and a P/E ratio of 2.12. The firm has a fifty day moving average price of GBX 614.67 and a 200 day moving average price of GBX 714.05. Plus500 has a 1-year low of GBX 399.70 ($5.22) and a 1-year high of GBX 1,842 ($24.07).

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

In other news, insider Asaf Elimelech bought 30,000 shares of Plus500 stock in a transaction dated Wednesday, August 14th. The stock was bought at an average price of GBX 684 ($8.94) per share, for a total transaction of £205,200 ($268,130.15).

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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