This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Technical Observations – For
Technical Observations – Against
Bullish share price reversal after summer decline. On 20 Nov Plus500 said it expects to beat 2018 market views on trading momentum. On 23 Oct Berenberg said Plus500 is undervalued with regulatory fears overblown.
Risks to Plus500 include more European/UK regulation, calm markets than result in low volatility and less trading, further declines in the cyrptocurrencies which recently boosted results, and of course, broker downgrades.
Analysts are biased positive, although coverage is limited to just 3 brokers with 2 of three target prices suggesting upside from current levels to a consensus of 2061p, in-line with our target of revisiting Aug highs.
Next Event: Trading Update, early Jan
Latest Broker 12-Month Consensus: 67% Buy, 0% Hold, 33% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
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