JPMorgan Chase & Co. Reiterates “Overweight” Rating for PayPoint (PAY)
PayPoint (LON:PAY)‘s stock had its “overweight” rating reiterated by JPMorgan Chase & Co. in a research note issued on Friday, Stock Ratings Network reports. They currently have a GBX 1,407 ($23.10) target price on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 30.33% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “sell” rating on shares of PayPoint in a research note to investors on Thursday. They now have a GBX 745 ($12.23) price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of PayPoint from GBX 1,200 ($19.70) to GBX 1,326 ($21.77) in a research note to investors on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of PayPoint in a research note to investors on Thursday. They now have a GBX 1,020 ($16.74) price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 1,092.17 ($17.93).
PayPoint (LON:PAY) traded down 4.80% during mid-day trading on Friday, hitting GBX 1079.60. 27,096 shares of the company’s stock traded hands. PayPoint has a 52 week low of GBX 801.09 and a 52 week high of GBX 1216.00. The stock’s 50-day moving average is GBX 1044. and its 200-day moving average is GBX 1068.. The company’s market cap is £733.0 million.
PayPoint plc is a holding company. The Company and its subsidiaries are engaged in providing clients with consumer payment transaction processing and settlement.
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