Plus500 (LON:PLUS) Reaches New 12-Month High – Should You Buy?

Plus500 Ltd. (LON:PLUS)’s stock price reached a new 52-week high on Monday . The company traded as high as GBX 3,350 ($44.55) and last traded at GBX 3,308 ($43.99), with a volume of 13401 shares trading hands. The stock had previously closed at GBX 3,330 ($44.28).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price objective on Plus500 from GBX 2,650 ($35.24) to GBX 2,764 ($36.76) and gave the stock a “hold” rating in a report on Wednesday, April 30th.

Plus500 Price Performance

The firm has a market cap of £3.05 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.24 and a beta of 0.20. The stock’s fifty day moving average price is GBX 2,939.71 and its 200-day moving average price is GBX 2,755.21.

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.