Plus500 Ltd (LSE:PLUS)'s acquisition of Brazilian broker-dealer Guru gives the fintech group a direct regulated foothold in one of the world's largest derivatives markets, according to Panmure Liberum, which retained its 'buy' rating and 5,400p price target. The broker said Guru's licence and local team will allow Plus500 to build a Brazilian offering spanning equities, futures, options and fix...
Plus500 Ltd (LSE:PLUS) has agreed to acquire Brazilian broker-dealer Guru Corretora de Títulos e Valores Mobiliários, giving the trading platform operator a direct presence in Latin America's largest economy. The FTSE 250 fintech group said the deal would give it local regulatory licences, market access and an established operating platform in Brazil, which it described as the world's second-la...
Plus500 Ltd (LSE:PLUS) sell-off following IG Group's warning is misplaced, Panmure Liberum argued, reiterating its ‘buy' rating and 5,400p target after the trading platform reaffirmed its outlook. The broker noted that IG's shares fell around 25% after lower over-the-counter revenue retention and reduced 2026 revenue guidance triggered a wider sector sell-off.
Plus500 Ltd (LSE:PLUS) has been upgraded to ‘buy' from ‘hold' by Cavendish, which said a 25% fall in the shares since the company's July trading update has left the financial technology group undervalued. The broker set a 4,490p target price, reduced from 4,685p, representing around 21% upside from the 3,714p share price used in its valuation.
Trading platform Plus500 reported a rise in half-year core profit on Monday, aided by higher trading activity as the company expanded its U.S. business and rolled out more products, including the fast-growing predictions market.
Plus500 Ltd (LSE:PLUS) lifted revenue 12% to a three-year high in the first half, but earnings before interest, tax, depreciation and amortisation barely moved, edging up 1% to $187.5 million. The FTSE 250 trading platform attributed the gap to a deliberate step-up in customer acquisition spending, revenue-linked costs scaling in its US business and a stronger Israeli shekel against the dollar.
Plus500 Ltd (LSE:PLUS) has reaffirmed full-year guidance after reporting its highest revenue for a six-month period in three years, helped by expansion in the US and stronger trading activity. Revenue for the FTSE 250-listed trading platform operator in the six months to 30 June came in at $462.9 million, up 12% compared to the previous year, while customer income increased 24% to a five-year r...
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