Berenberg Bank Upgrades Plus500 (LON:PLUS) to “Buy”

Berenberg Bank upgraded shares of Plus500 (LON:PLUS) to a buy rating in a research report sent to investors on Monday morning, Stock Target Advisor reports. Berenberg Bank currently has GBX 860 ($11.31) price objective on the stock, up from their prior price objective of GBX 790 ($10.39).

Several other research firms also recently issued reports on PLUS. Liberum Capital restated a buy rating on shares of Plus500 in a report on Monday. Peel Hunt reiterated a reduce rating on shares of Plus500 in a research report on Monday, March 16th.

Shares of LON:PLUS opened at GBX 1,037 ($13.64) on Monday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 10.72 and a current ratio of 10.72. Plus500 has a one year low of GBX 399.70 ($5.26) and a one year high of GBX 989.60 ($13.02). The business’s 50-day simple moving average is GBX 885.37 and its 200 day simple moving average is GBX 833.02. The company has a market cap of $1.14 billion and a P/E ratio of 7.69.

The business also recently disclosed a dividend, which will be paid on Monday, July 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, February 27th. This represents a yield of 3.19%. This is a positive change from Plus500’s previous dividend of $0.27. Plus500’s payout ratio is currently 0.37%.

In other Plus500 news, insider Asaf Elimelech purchased 5,000 shares of Plus500 stock in a transaction on Monday, March 2nd. The stock was bought at an average price of GBX 935 ($12.30) per share, for a total transaction of £46,750 ($61,496.97). Also, insider Elad Even-Chen purchased 11,000 shares of Plus500 stock in a transaction on Wednesday, February 19th. The shares were acquired at an average price of GBX 831 ($10.93) per share, with a total value of £91,410 ($120,244.67).

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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