Plus500 (LON:PLUS) Stock Price Crosses Above Fifty Day Moving Average of $606.39

Plus500 Ltd (LON:PLUS)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $606.39 and traded as high as $603.78. Plus500 shares last traded at $575.20, with a volume of 456,261 shares traded.

A number of analysts have recently issued reports on the company. Peel Hunt reaffirmed a “reduce” rating and issued a GBX 526 ($6.87) price target on shares of Plus500 in a research note on Friday, June 28th. Liberum Capital reaffirmed a “buy” rating on shares of Plus500 in a research note on Monday, July 15th. Peel Hunt reaffirmed a “reduce” rating on shares of Plus500 in a research note on Wednesday, July 17th. Finally, Berenberg Bank lowered Plus500 to a “hold” rating and lowered their price target for the stock from GBX 1,800 ($23.52) to GBX 770 ($10.06) in a research note on Friday, April 12th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Plus500 currently has a consensus rating of “Hold” and a consensus target price of GBX 673.60 ($8.80).

The company has a 50 day moving average of GBX 605.96. The stock has a market capitalization of $651.64 million and a PE ratio of 1.73.

Plus500 Company Profile (LON:PLUS)

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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