Liberum Capital Reiterates Buy Rating for Plus500 Ltd (PLUS)

Plus500 Ltd (LON:PLUS)‘s stock had its “buy” rating reiterated by stock analysts at Liberum Capital in a research report issued on Friday. They currently have a GBX 803 ($10.48) price objective on the stock. Liberum Capital’s target price would suggest a potential upside of 22.22% from the company’s previous close.

Shares of Plus500 (LON:PLUS) opened at 659.125 on Friday. Plus500 has a 1-year low of GBX 280.00 and a 1-year high of GBX 785.00. The company’s market cap is GBX 757.26 million. The stock’s 50 day moving average price is GBX 726.72 and its 200 day moving average price is GBX 666.14.

In other news, insider Michael (Mark) Charles Fairbairn sold 25,000 shares of the firm’s stock in a transaction on Thursday, September 29th. The stock was sold at an average price of GBX 650 ($8.48), for a total value of £162,500 ($212,113.30).

About Plus500

Plus500 Ltd is an Israel-based online provider of Contracts for Difference (CFDs). The Company develops and operates an online trading platform for retail customers to trade CFDs internationally over more than 2,200 different underlying global financial instruments comprising equities, indices, commodities, options, exchange-traded funds (ETFs) and foreign exchange.

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