Plus500 (LON:PLUS) Reaches New 52-Week High at $2,304.00

Plus500 Ltd. (LON:PLUS)’s stock price reached a new 52-week high on Monday . The stock traded as high as GBX 2,304 ($29.28) and last traded at GBX 2,292 ($29.12), with a volume of 1668530 shares traded. The stock had previously closed at GBX 2,252 ($28.61).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised their price target on shares of Plus500 from GBX 1,623 ($20.62) to GBX 1,883 ($23.93) and gave the stock a “speculative buy” rating in a research note on Friday, March 1st.

Plus500 Stock Up 1.7 %

The company has a debt-to-equity ratio of 2.63, a current ratio of 3.29 and a quick ratio of 3.89. The business’s 50 day simple moving average is GBX 2,191.27 and its 200 day simple moving average is GBX 1,910.39. The company has a market capitalization of £1.77 billion, a PE ratio of 942.26, a P/E/G ratio of 0.24 and a beta of 0.02.

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.