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Plus500 ( (GB:PLUS) ) just unveiled an announcement.
Plus500 has announced the purchase of 16,536 of its ordinary shares as part of its previously announced share buyback program. This move is likely to impact the company’s share liquidity and voting rights, as the repurchased shares will be held in treasury, reducing the number of shares in circulation and potentially affecting shareholder calculations under the FCA’s 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 position and attractive valuation are significant strengths, supporting its high stock score. The strategic share buybacks and market expansions further enhance its appeal, although technical indicators suggest caution in expecting immediate upward movement.
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.
Average Trading Volume: 152,272
Technical Sentiment Signal: Buy
Current Market Cap: £2.41B
For a thorough assessment of PLUS stock, go to TipRanks’ Stock Analysis page.