Jefferies Financial Group Boosts Plus500 (LON:PLUS) Price Target to GBX 2,800

Plus500 (LON:PLUS) had its price target upped by analysts at Jefferies Financial Group from GBX 2,300 ($29.89) to GBX 2,800 ($36.38) in a research report issued to clients and investors on Tuesday, Digital Look reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 10.15% from the stock’s previous close.

Plus500 Trading Up 0.4 %

PLUS stock traded up GBX 10 ($0.13) during trading on Tuesday, hitting GBX 2,542 ($33.03). The company had a trading volume of 603,078 shares, compared to its average volume of 225,087. The firm has a 50-day moving average price of GBX 2,281.05 and a 200-day moving average price of GBX 2,080.33. The company has a quick ratio of 3.89, a current ratio of 3.29 and a debt-to-equity ratio of 2.63. Plus500 has a 12 month low of GBX 1,263 ($16.41) and a 12 month high of GBX 2,628 ($34.15). The stock has a market cap of £1.92 billion, a price-to-earnings ratio of 1,046.09, a PEG ratio of 0.24 and a beta of 0.17.

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.