Barclays PLC Boosts Paypoint plc (PAY) Price Target to GBX 1,030
Paypoint plc (LON:PAY) had its price target boosted by analysts at Barclays PLC from GBX 890 ($10.85) to GBX 1,030 ($12.55) in a research report issued to clients and investors on Monday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price objective indicates a potential downside of 6.36% from the company’s current price.
A number of other brokerages have also recently commented on PAY. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,100 ($13.41) price objective on shares of Paypoint plc in a research note on Friday, September 30th. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 879 ($10.71) price objective on shares of Paypoint plc in a research note on Thursday, September 29th. Jefferies Group reaffirmed a “buy” rating and set a GBX 1,250 ($15.23) price objective on shares of Paypoint plc in a research note on Thursday, September 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 877 ($10.69) price objective on shares of Paypoint plc in a research note on Friday, July 29th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,063 ($12.96) price objective on shares of Paypoint plc in a research note on Tuesday, July 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 1,018.86 ($12.42).
Paypoint plc (LON:PAY) traded down 5.82% during midday trading on Monday, hitting GBX 1100.00. The stock had a trading volume of 64,981 shares. The stock has a 50-day moving average of GBX 1,031.99 and a 200-day moving average of GBX 943.53. The firm’s market cap is GBX 749.01 million. Paypoint plc has a 52 week low of GBX 700.00 and a 52 week high of GBX 1,176.51.
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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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