Plus500 (LON:PLUS) Reaches New 1-Year High - Here's What Happened

Plus500 Ltd. (LON:PLUS - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as GBX 3,350 ($45.35) and last traded at GBX 3,308 ($44.78), with a volume of 13401 shares traded. The stock had previously closed at GBX 3,330 ($45.08).

Analyst Ratings Changes

Separately, Canaccord Genuity Group increased their target price on Plus500 from GBX 2,650 ($35.87) to GBX 2,764 ($37.42) and gave the stock a "hold" rating in a research report on Wednesday, April 30th.

Plus500 Price Performance

The company has a 50-day simple moving average of GBX 3,009.63 and a two-hundred day simple moving average of GBX 2,788.28. The stock has a market capitalization of £3.17 billion, a price-to-earnings ratio of 12.72, 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.