Plus500 (LON:PLUS) Receives Buy Rating from Jefferies Financial Group

Plus500 (LON:PLUS)‘s stock had its “buy” rating restated by equities research analysts at Jefferies Financial Group in a report released on Tuesday,London Stock Exchange reports. They currently have a GBX 5,100 price objective on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 6.21% from the company’s current price.

Plus500 Stock Down 0.2%

Plus500 stock traded down GBX 12 during mid-day trading on Tuesday, reaching GBX 4,802. The stock had a trading volume of 2,108,179 shares, compared to its average volume of 1,839,713. Plus500 has a one year low of GBX 2,874 and a one year high of GBX 5,535. The company has a 50-day moving average price of GBX 4,558.92 and a two-hundred day moving average price of GBX 4,207.62. The company has a market capitalization of £3.34 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 0.24 and a beta of 0.39. The company has a debt-to-equity ratio of 3.94, a current ratio of 299.59 and a quick ratio of 3.89.

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.