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Plus500 ( (GB:PLUS) ) has provided an update.
Plus500 has announced the purchase of 18,202 of its ordinary shares as part of its ongoing share buyback program. This move is expected to impact the company’s share capital structure, with the repurchased shares being held in treasury, thereby affecting the total voting rights available to shareholders.
The most recent analyst rating on (GB:PLUS) stock is a Buy with a £3459.00 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 performance, characterized by profitability and a solid balance sheet, is the primary driver of its score. The valuation is favorable, with a reasonable P/E ratio and attractive dividend yield. Technical analysis indicates a neutral market sentiment, with no strong momentum in either direction.
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, catering to a diverse market of traders worldwide.
Average Trading Volume: 130,203
Technical Sentiment Signal: Strong Buy
Current Market Cap: £2.27B
Find detailed analytics on PLUS stock on TipRanks’ Stock Analysis page.