Plus500 (LON:PLUS) Sets New 1-Year High at $2,122.00

Shares of Plus500 Ltd. (LON:PLUS) hit a new 52-week high during trading on Monday . The company traded as high as GBX 2,122 ($26.21) and last traded at GBX 2,112 ($26.09), with a volume of 69302 shares changing hands. The stock had previously closed at GBX 2,092 ($25.84).

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Canaccord Genuity Group upped their target price on shares of Plus500 from GBX 1,623 ($20.05) to GBX 1,883 ($23.26) and gave the company a “speculative buy” rating in a report on Friday, March 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 2,300 ($28.41) target price on shares of Plus500 in a report on Tuesday, February 20th.

Plus500 Trading Up 0.3 %

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 stock’s 50-day moving average is GBX 1,840.18 and its two-hundred day moving average is GBX 1,670.32. The stock has a market cap of £1.69 billion, a P/E ratio of 870.16, a price-to-earnings-growth ratio of 0.24 and a beta of 0.06.

Plus500 Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, February 29th will be given a dividend of $0.95 per share. This is a positive change from Plus500’s previous dividend of $0.73. The ex-dividend date is Thursday, February 29th. This represents a dividend yield of 4.11%. Plus500’s dividend payout ratio is currently 2,620.97%.

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.