Liberum Capital confirms “buy” recommendation for Plus500

Liberum Capital confirms “buy” recommendation for Plus500

Do not invest more money than you can afford to lose.


Liberum Capital, the independently-owned pan-European investment bank, confirmed its “buy” recommendation for the London Stock Exchange-traded forex broker Plus500 (LON:PLUS) in a new report by its analysts. They also set a target price of GBX 704 per Plus500 share. This is 12% higher than the current price of GBX 628 per share.

The report and target price remain unchanged from last month, when Liberum Capital also released a report on the broker and means the investment bank analysts retain their optimism regarding Plus500. The monthly chart shows that in the period the price of its shares rose by 6.16%. As of June 9, the broker has 114.89 million shares in issue and a market capitalization of GBP 718.60 million.

plus500 chart

In spite the positive outlook, however, two of the bigger stakeholders – Morgan Stanley and Odey Asset Management continue to reduce their share in the broker, as reported earlier this week.

Plus500 offers trading in forex, options, contracts for difference (CFDs), commodities, indices, and exchange-traded funds (ETFs). It operates its own online trading platform for CFDs available in over 31 languages on desktop and Android, Windows and iOS  mobile operating systems. According to Investment Trends report from July 2015,  it is the second largest CFD provider in the UK.

Plus500 is licensed by three regulators – the Cyprus Securities and Exchange Commission (CySEC), UK’s Financial Conduct Authority (FCA), and the Australian Securities and Investments Commission (ASIC). The broker operates in the European Economic Area (EU member states, plus Norway, Lichtenstein and Iceland), Gibraltar, Australia and certain other jurisdictions across Asia, the Middle East and elsewhere. Its subsidiaries include Plus500UK, Plus500AU, Plus500CY and Plus500IL.

Liberum is a pan-European investment bank launched in September 2007 to provide a different style of broking. It offers equity research, sales and trading in 18 sectors, across the market cap spectrum, high touch and electronic execution services, with specialist expertise in dark pool access, equity capital markets services including IPOs and secondary capital raisings, and M&A advisory, A market maker and a Retail Service Provider, research, sales and trading in convertible bonds.

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