Plus500 (LON:PLUS) Hits New 1-Year High at $2,190.00

Shares of Plus500 Ltd. (LON:PLUS) reached a new 52-week high on Monday . The company traded as high as GBX 2,190 ($27.51) and last traded at GBX 2,152.76 ($27.04), with a volume of 84132 shares traded. The stock had previously closed at GBX 2,156 ($27.08).

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PLUS shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 2,300 ($28.89) target price on shares of Plus500 in a report on Tuesday, February 20th. Canaccord Genuity Group upped their price target on Plus500 from GBX 1,623 ($20.39) to GBX 1,883 ($23.65) and gave the stock a “speculative buy” rating in a research note on Friday, March 1st.

Plus500 Price Performance

The company has a current ratio of 3.29, a quick ratio of 3.89 and a debt-to-equity ratio of 2.63. The company has a market cap of £1.70 billion, a PE ratio of 871.77, a P/E/G ratio of 0.24 and a beta of 0.06. The firm has a 50 day moving average of GBX 1,865.24 and a two-hundred day moving average of GBX 1,692.94.

Plus500 Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 11th. Investors of record on Thursday, February 29th will be paid a $0.95 dividend. The ex-dividend date is Thursday, February 29th. This represents a dividend yield of 4.11%. This is an increase from Plus500’s previous dividend of $0.73. Plus500’s dividend payout ratio is presently 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.