Paypoint plc’s (PAY) “Buy” Rating Reaffirmed at Canaccord Genuity
Paypoint plc (LON:PAY)‘s stock had its “buy” rating reiterated by stock analysts at Canaccord Genuity in a research note issued to investors on Tuesday. They currently have a GBX 1,063 ($13.88) price objective on the stock. Canaccord Genuity’s target price would suggest a potential upside of 1.33% from the stock’s previous close.
A number of other research analysts have also commented on PAY. Barclays PLC reissued an “equal weight” rating and set a GBX 890 ($11.62) price target on shares of Paypoint plc in a report on Thursday, June 30th. JPMorgan Chase & Co. raised their price target on Paypoint plc from GBX 841 ($10.98) to GBX 877 ($11.45) and gave the company a “neutral” rating in a report on Friday, May 27th. Numis Securities Ltd reissued a “hold” rating and set a GBX 879 ($11.47) price target on shares of Paypoint plc in a report on Thursday, May 26th. Finally, Liberum Capital reissued a “buy” rating and set a GBX 1,000 ($13.05) price target on shares of Paypoint plc in a report on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Paypoint plc currently has a consensus rating of “Hold” and an average target price of GBX 998.86 ($13.04).
Paypoint plc (LON:PAY) traded up 2.84% on Tuesday, reaching GBX 1049.00. 102,780 shares of the company’s stock were exchanged. Paypoint plc has a 1-year low of GBX 700.00 and a 1-year high of GBX 1,176.51. The firm’s 50 day moving average is GBX 1,018.61 and its 200 day moving average is GBX 929.88. The stock’s market capitalization is GBX 714.29 million.
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About Paypoint plc
PayPoint plc is a United Kingdom-based holding company. Through its subsidiaries, the Company is engaged in providing clients with specialist consumer payment and other services and products, transaction processing and settlement. It offers payments for everyone from consumer and financial services companies to retailers, utilities, media, gaming and government clients.
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