Plus500 Ltd (LON:PLUS) Insider Buys £205,200 in Stock

Plus500 Ltd (LON:PLUS) insider Asaf Elimelech acquired 30,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of GBX 684 ($8.94) per share, with a total value of £205,200 ($268,130.15).

Plus500 stock opened at GBX 705.60 ($9.22) on Friday. The company has a market capitalization of $799.37 million and a PE ratio of 2.12. The firm has a fifty day simple moving average of GBX 614.67 and a two-hundred day simple moving average of GBX 714.05. Plus500 Ltd has a twelve month low of GBX 399.70 ($5.22) and a twelve month high of GBX 1,842 ($24.07).

The firm also recently declared a dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, August 29th will be paid a $0.27 dividend. This represents a yield of 3.46%. The ex-dividend date is Thursday, August 29th. Plus500’s dividend payout ratio is presently 0.47%.

PLUS has been the subject of several recent research reports. Peel Hunt reissued a “reduce” rating and issued a GBX 600 ($7.84) price target (up from GBX 526 ($6.87)) on shares of Plus500 in a research note on Monday, August 12th. Peel Hunt boosted their price target on shares of Plus500 from GBX 526 ($6.87) to GBX 600 ($7.84) and gave the stock a “reduce” rating in a research note on Tuesday, August 13th. Finally, Liberum Capital reissued a “buy” rating and issued a GBX 1,000 ($13.07) price target on shares of Plus500 in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 703.20 ($9.19).

About Plus500

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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