Plus500’s (PLUS) “Buy” Rating Reaffirmed at Jefferies Financial Group
by Amy Steele · The Cerbat GemPlus500 (LON:PLUS – Get Free Report)‘s stock had its “buy” rating reaffirmed by investment analysts at Jefferies Financial Group in a research report issued on Monday,London Stock Exchange reports. They currently have a GBX 5,100 target price on the stock. Jefferies Financial Group’s target price points to a potential upside of 10.49% from the company’s previous close.
Plus500 Stock Performance
Shares of PLUS opened at GBX 4,616 on Monday. Plus500 has a 12 month low of GBX 2,874 and a 12 month high of GBX 4,974. The stock has a fifty day moving average price of GBX 4,253.43 and a 200-day moving average price of GBX 3,758.48. The company has a current ratio of 299.59, a quick ratio of 3.89 and a debt-to-equity ratio of 7.38. The firm has a market cap of £3.23 billion, a PE ratio of 12.18, a P/E/G ratio of 0.24 and a beta of 0.36.
Plus500 announced that its Board of Directors has approved a stock repurchase plan on Monday, February 16th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to buy up to 3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Insider Buying and Selling at Plus500
In other news, insider Elad Even-Chen sold 940,000 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of GBX 4,478, for a total transaction of £42,093,200. Also, insider David Zruia sold 450,792 shares of the stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of GBX 4,478, for a total value of £20,186,465.76. Corporate insiders own 51.28% of the company’s stock.
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.