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Plus500 ( (GB:PLUS) ) has issued an announcement.
Plus500 Ltd. announced the purchase of 17,412 ordinary shares as part of its ongoing share buyback program, with prices ranging from 3,194.00 GBp to 3,234.00 GBp. This transaction reflects the company’s strategic move to manage its share capital and potentially enhance shareholder value, maintaining a total of 70,133,617 voting rights after the purchase.
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 Ltd. 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 global market.
Average Trading Volume: 162,566
Technical Sentiment Signal: Buy
Current Market Cap: £2.24B
Learn more about PLUS stock on TipRanks’ Stock Analysis page.