Plus500 (LON:PLUS) Stock Price Up 0.8% – Here’s What Happened

Plus500 Ltd. (LON:PLUS)’s stock price was up 0.8% on Thursday . The stock traded as high as GBX 2,640 ($33.69) and last traded at GBX 2,640 ($33.69). Approximately 76,793 shares were traded during trading, a decline of 68% from the average daily volume of 237,872 shares. The stock had previously closed at GBX 2,618 ($33.41).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upped their price target on Plus500 from GBX 2,300 ($29.35) to GBX 2,800 ($35.73) and gave the company a “buy” rating in a research note on Tuesday, August 20th.

Plus500 Trading Up 0.8 %

The business has a 50 day moving average of GBX 2,454.98 and a two-hundred day moving average of GBX 2,387.18. The company has a current ratio of 2.70, a quick ratio of 3.89 and a debt-to-equity ratio of 2.38. The firm has a market cap of £1.97 billion, a P/E ratio of 1,019.31, a PEG ratio of 0.24 and a beta of 0.20.

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.