Plus500’s (PLUS) Reduce Rating Reiterated at Peel Hunt

Peel Hunt reiterated their reduce rating on shares of Plus500 (LON:PLUS) in a research note issued to investors on Monday, Digital Look reports. They currently have a GBX 600 ($7.84) price objective on the stock, up from their prior price objective of GBX 526 ($6.87).

Other analysts have also issued reports about the company. Liberum Capital reaffirmed a buy rating on shares of Plus500 in a research report on Monday, July 15th. Peel Hunt reaffirmed a reduce rating and issued a GBX 526 ($6.87) target price on shares of Plus500 in a research report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of GBX 703.20 ($9.19).

Shares of Plus500 stock opened at GBX 724 ($9.46) on Monday. Plus500 has a one year low of GBX 399.70 ($5.22) and a one year high of GBX 2,064 ($26.97). The firm has a market capitalization of $820.22 million and a price-to-earnings ratio of 2.18. The business has a 50-day simple moving average of GBX 611.14 and a 200 day simple moving average of GBX 714.09.

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

In related news, insider Asaf Elimelech acquired 30,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of GBX 684 ($8.94) per share, with a total value 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.

See Also: How to execute a trade ex-dividend strategy?

Analyst Recommendations for Plus500 (LON:PLUS)

Receive News & Ratings for Plus500 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plus500 and related companies with MarketBeat.com's FREE daily email newsletter.