Optimal Payments Plc Earns “Buy” Rating from Canaccord Genuity (OPAY)
Optimal Payments Plc (LON:OPAY)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a report released on Thursday. They currently have a GBX 575 ($9.52) price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 20.30% from the stock’s previous close.
Shares of Optimal Payments Plc (LON:OPAY) opened at 472.00 on Thursday. Optimal Payments Plc has a 52 week low of GBX 208.25 and a 52 week high of GBX 519.50. The stock’s 50-day moving average is GBX 449.5 and its 200-day moving average is GBX 414.2.
Several other analysts have also recently commented on the stock. Analysts at Barclays raised their price target on shares of Optimal Payments Plc from GBX 525 ($8.69) to GBX 600 ($9.93) in a research note on Tuesday, July 8th. They now have an “overweight” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of Optimal Payments Plc in a research note on Friday, July 4th. They now have a GBX 520 ($8.60) price target on the stock. Finally, 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 ($11.58) price target on the stock. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of GBX 598.75 ($9.91).
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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