Plus500 Advances Share Buyback Program with New Purchase

Plus500 ( (GB:PLUS) ) has provided an announcement.

Plus500 has announced the purchase of 16,925 of its ordinary shares as part of its ongoing share buyback program. This move is expected to impact the company’s total voting rights, which will now stand at 71,734,728. The repurchased shares will be held in treasury, potentially affecting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:PLUS) stock is a Buy with a £28.00 price target. To see the full list of analyst forecasts on Plus500 stock, see the GB:PLUS Stock Forecast page.

Spark’s Take on GB:PLUS Stock

According to Spark, TipRanks’ AI Analyst, GB:PLUS is a Outperform.

Plus500’s strong financial health and strategic initiatives, such as share buybacks and market expansion, are significant strengths. The stock’s valuation is attractive, supported by a strong dividend yield. Technical indicators are neutral, posing lesser influence on the score.

To see Spark’s full report on GB:PLUS stock, click here.

More about Plus500

Plus500 is a global multi-asset fintech group that operates proprietary technology-based trading platforms. The company focuses on providing trading services across various financial instruments to a diverse market.

Average Trading Volume: 156,548

Technical Sentiment Signal: Buy

Current Market Cap: £2.41B

Learn more about PLUS stock on TipRanks’ Stock Analysis page.