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Plus500 ( (GB:PLUS) ) has shared an announcement.
Plus500 has announced the purchase of 16,750 of its ordinary shares as part of its ongoing share buyback programme. This transaction, executed through Panmure Liberum Limited, will see the repurchased shares held in treasury, impacting the total voting rights and share calculations for stakeholders.
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.
The strong valuation and robust financial performance are the most significant factors driving Plus500’s stock score. The company’s strategic capital management through share buybacks further strengthens investor confidence. The technical indicators suggest moderate momentum, contributing to the favorable outlook.
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 is focused on providing trading services across various financial instruments, leveraging its advanced technology to cater to a diverse market.
Average Trading Volume: 159,602
Technical Sentiment Signal: Buy
Current Market Cap: £2.41B
See more insights into PLUS stock on TipRanks’ Stock Analysis page.