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Plus500 (LON:PLUS) Reaches New 12-Month High - Here's What Happened

Plus500 logo with Financial Services background

Plus500 Ltd. (LON:PLUS - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,466 ($46.89) and last traded at GBX 3,434 ($46.46), with a volume of 81328 shares trading hands. The stock had previously closed at GBX 3,458 ($46.78).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on shares of Plus500 from GBX 2,650 ($35.85) to GBX 2,764 ($37.39) and gave the stock a "hold" rating in a research note on Wednesday, April 30th.

Get Our Latest Report on PLUS

Plus500 Price Performance

The business's 50 day moving average price is GBX 3,144.86 and its 200-day moving average price is GBX 2,859.21. The firm has a market capitalization of £3.19 billion, a price-to-earnings ratio of 12.82, a price-to-earnings-growth ratio of 0.24 and a beta of 0.20.

Plus500 Company Profile

(Get Free Report)

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.

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