Plus500 (LON:PLUS) Hits New 52-Week High - Still a Buy?

Plus500 Ltd. (LON:PLUS - Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 3,186 ($42.38) and last traded at GBX 3,170 ($42.17), with a volume of 40958 shares trading hands. The stock had previously closed at GBX 3,111.95 ($41.40).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price target on shares of Plus500 from GBX 2,650 ($35.25) to GBX 2,764 ($36.77) and gave the company a "hold" rating in a report on Wednesday, April 30th.

Plus500 Stock Down 1.2 %

The firm's 50-day moving average price is GBX 2,882.79 and its 200 day moving average price is GBX 2,720.90. The firm has a market cap of £3.03 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 0.24 and a beta of 0.20.

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.