Plus500 (LON:PLUS) Earns “Buy” Rating from Liberum Capital

Plus500 (LON:PLUS)‘s stock had its “buy” rating restated by investment analysts at Liberum Capital in a note issued to investors on Tuesday, Marketbeat reports. They currently have a GBX 3,750 target price on the stock. Liberum Capital’s price objective indicates a potential upside of 23.68% from the company’s previous close.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 3,400 target price on shares of Plus500 in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 3,304.67.

Plus500 Stock Performance

PLUS stock traded up GBX 18 during trading on Tuesday, hitting GBX 3,032. 123,886 shares of the company traded hands, compared to its average volume of 344,189. The company has a 50-day moving average of GBX 3,135.80 and a 200-day moving average of GBX 3,235.58. Plus500 has a 1 year low of GBX 2,448 and a 1 year high of GBX 3,492. The firm has a market capitalization of £2.11 billion, a PE ratio of 8.42, a P/E/G ratio of 0.24 and a beta of 0.20.

Plus500 announced that its Board of Directors has approved a share repurchase program on Monday, August 11th that authorizes the company to repurchase $90.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 3% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

About Plus500

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.