Insider Selling: Plus500 (LON:PLUS) Insider Sells £20,186,465.76 in Stock

Plus500 Ltd. (LON:PLUS) insider David Zruia sold 450,792 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total transaction of £20,186,465.76.

Plus500 Price Performance

Plus500 stock opened at GBX 4,338 on Friday. Plus500 Ltd. has a one year low of GBX 2,464 and a one year high of GBX 4,974. The stock’s 50 day moving average is GBX 4,007.77 and its 200 day moving average is GBX 3,454.63. The firm has a market cap of £3.05 billion, a P/E ratio of 12.05, a P/E/G ratio of 0.24 and a beta of 0.20.

Plus500 announced that its board has approved a stock buyback plan on Monday, February 16th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to purchase up to 3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Liberum Capital reaffirmed a “buy” rating and issued a GBX 3,750 price target on shares of Plus500 in a report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 3,304.67.

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.