Plus500 (LON:PLUS) had its price objective lowered by equities researchers at Liberum Capital from GBX 2,800 ($36.59) to GBX 1,760 ($23.00) in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the stock. Liberum Capital’s target price indicates a potential upside of 55.89% from the company’s current price.
A number of other brokerages have also recently commented on PLUS. Peel Hunt reaffirmed a “hold” rating on shares of Plus500 in a research report on Monday, January 7th. Berenberg Bank upped their price target on shares of Plus500 from GBX 800 ($10.45) to GBX 2,320 ($30.31) and gave the company a “buy” rating in a research report on Friday, January 11th.
Shares of PLUS opened at GBX 1,129 ($14.75) on Tuesday. Plus500 has a 12 month low of GBX 414.79 ($5.42) and a 12 month high of GBX 1,324 ($17.30).
In other news, insider Alon Gonen sold 2,250,000 shares of the stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of GBX 1,390 ($18.16), for a total transaction of £31,275,000 ($40,866,326.93).
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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