Plus500 (LON:PLUS) Reaches New 52-Week High - What's Next?

Shares of Plus500 Ltd. (LON:PLUS - Get Free Report) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,076 ($40.87) and last traded at GBX 2,952 ($39.22), with a volume of 73380 shares traded. The stock had previously closed at GBX 2,993.65 ($39.77).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their target price on shares of Plus500 from GBX 2,650 ($35.21) to GBX 2,764 ($36.72) and gave the company a "hold" rating in a research report on Wednesday.

Plus500 Stock Performance

The company has a market cap of £2.88 billion, a PE ratio of 11.54, a PEG ratio of 0.24 and a beta of 0.20. The firm's 50 day moving average is GBX 2,831.39 and its 200-day moving average is GBX 2,687.91.

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.