Plus500 (PLUS) PT Lowered to GBX 1,800

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Plus500 (LON:PLUS) had its price objective decreased by equities research analysts at Berenberg Bank from GBX 2,320 ($30.31) to GBX 1,800 ($23.52) in a research report issued on Tuesday. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price objective would indicate a potential upside of 63.64% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Peel Hunt raised Plus500 to an “add” rating in a report on Friday, February 1st. Liberum Capital decreased their price objective on Plus500 from GBX 2,800 ($36.59) to GBX 1,760 ($23.00) and set a “buy” rating on the stock in a report on Tuesday.

Shares of LON:PLUS opened at GBX 1,100 ($14.37) on Tuesday. Plus500 has a twelve month low of GBX 414.79 ($5.42) and a twelve month high of GBX 1,324 ($17.30).

In other news, insider Alon Gonen sold 2,250,000 shares of the business’s stock in a transaction on Thursday, December 13th. The stock was sold at an average price of GBX 1,390 ($18.16), for a total value of £31,275,000 ($40,866,326.93).

About Plus500

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Its platform allows its customers to trade CFDs over approximately 2,200 financial instruments, such as equities, indices, commodities, options, exchange-traded funds, cryptocurrencies, and foreign exchange in approximately 50 countries in 32 languages.

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