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

Plus500 Ltd. (LON:PLUS - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 3,483.96 ($47.16) and last traded at GBX 3,483.96 ($47.16), with a volume of 62837 shares traded. The stock had previously closed at GBX 3,464 ($46.89).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group upped their target price on Plus500 from GBX 2,650 ($35.87) to GBX 2,764 ($37.41) and gave the stock a "hold" rating in a research report on Wednesday, April 30th.

Plus500 Price Performance

The firm has a 50 day simple moving average of GBX 3,144.86 and a 200-day simple moving average of GBX 2,861.72. The stock has a market capitalization of £3.21 billion, a price-to-earnings ratio of 12.88, a price-to-earnings-growth ratio of 0.24 and a beta of 0.20.

Plus500 Company Profile

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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