Plus500 Executes Share Buyback of 17,000 Shares

An announcement from Plus500 ( (GB:PLUS) ) is now available.

Plus500 announced the purchase of 17,000 of its ordinary shares as part of its ongoing share buyback program. This transaction, conducted through Panmure Liberum Limited, will see the repurchased shares held in treasury, affecting the total number of voting rights and potentially influencing 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 high overall score is primarily driven by strong technical analysis and attractive valuation metrics. The company’s solid financial performance supports its stability, although the decline in revenue growth and recent executive changes present challenges. The technical indicators suggest bullish momentum, but caution is advised due to overbought signals.

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 and investors.

Average Trading Volume: 172,672

Technical Sentiment Signal: Buy

Current Market Cap: £2.42B

See more data about PLUS stock on TipRanks’ Stock Analysis page.