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Barclays boosted their price objective on shares of Optimal Payments Plc (LON:OPAY) from GBX 525 ($9.01) to GBX 600 ($10.29) in a research note issued on Tuesday. The firm currently has an “overweight” rating on the stock. Barclays’ price target suggests a potential upside of 34.53% from the stock’s previous close.

Optimal Payments Plc (LON:OPAY) traded up 0.89% during mid-day trading on Tuesday, hitting GBX 448.6904. 2,033,660 shares of the company’s stock traded hands. Optimal Payments Plc has a 52-week low of GBX 170.00 and a 52-week high of GBX 519.50. The stock’s 50-day moving average is GBX 390.6 and its 200-day moving average is GBX 398..

Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of Optimal Payments Plc in a research note on Friday. They now have a GBX 520 ($8.92) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Optimal Payments Plc in a research note on Tuesday, July 1st. They now have a GBX 700 ($12.01) price target on the stock. Finally, analysts at Canaccord Genuity reiterated a “buy” rating on shares of Optimal Payments Plc in a research note on Tuesday, July 1st. They now have a GBX 575 ($9.86) price target on the stock. Five equities research analysts have rated the stock with a buy rating, Optimal Payments Plc has a consensus rating of “Buy” and an average target price of GBX 598.75 ($10.27).

Optimal Payments Plc is a holding company. The Company provides services to businesses and individuals to allow the processing of direct debit, electronic cheque and credit card payments.

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