Paypoint plc Coverage Initiated by Analysts at Barclays (PAY)
Research analysts at Barclays assumed coverage on shares of Paypoint plc (LON:PAY) in a report released on Monday, Stock Ratings Network.com reports. The firm set an “equal weight” rating and a GBX 1,075 ($18.06) price target on the stock. Barclays’ price objective would suggest a potential downside of 5.29% from the stock’s previous close.
A number of other firms have also recently commented on PAY. Analysts at Canaccord Genuity raised their price target on shares of Paypoint plc from GBX 1,326 ($22.28) to GBX 1,400 ($23.52) in a research note on Friday, April 11th. They now have a “buy” rating on the stock. Separately, analysts at Numis Securities Ltd reiterated a “sell” rating on shares of Paypoint plc in a research note on Friday, March 28th. They now have a GBX 745 ($12.52) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Paypoint plc in a research note on Friday, March 28th. They now have a GBX 1,407 ($23.64) price target on the stock. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Paypoint plc currently has an average rating of “Hold” and an average price target of GBX 1,100.29 ($18.49).
Paypoint plc (LON:PAY) traded up 0.18% during mid-day trading on Monday, hitting GBX 1137.00. The stock had a trading volume of 12,707 shares. Paypoint plc has a 52 week low of GBX 801.09 and a 52 week high of GBX 1216.00. The stock has a 50-day moving average of GBX 1154.56 and a 200-day moving average of GBX 1091.. The company’s market cap is £772.0 million.
PayPoint plc is a United holding company. The Company and its subsidiaries are engaged in providing clients with specialist consumer payment transaction processing and settlement.
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