Barclays PLC Reaffirms Underweight Rating for Paypoint plc (PAY)
Paypoint plc (LON:PAY)‘s stock had its “underweight” rating reiterated by equities research analysts at Barclays PLC in a research report issued on Friday. They currently have a GBX 900 ($11.71) price objective on the stock. Barclays PLC’s price objective points to a potential downside of 5.86% from the company’s previous close.
A number of other analysts have also issued reports on the company. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 1,069 ($13.91) price target on shares of Paypoint plc in a report on Friday, January 27th. Canaccord Genuity reiterated a “buy” rating and issued a GBX 1,162 ($15.12) price target on shares of Paypoint plc in a report on Thursday, January 26th. Liberum Capital lowered their price target on Paypoint plc from GBX 1,150 ($14.96) to GBX 1,110 ($14.44) and set a “buy” rating for the company in a report on Thursday, January 26th. Numis Securities Ltd reiterated a “hold” rating and issued a GBX 950 ($12.36) price target on shares of Paypoint plc in a report on Thursday, January 26th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a GBX 1,200 ($15.61) price target on shares of Paypoint plc in a report on Friday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 1,030.17 ($13.40).
Paypoint plc (LON:PAY) traded down 0.36% on Friday, hitting GBX 956.00. The stock had a trading volume of 72,259 shares. The firm’s market capitalization is GBX 651.13 million. Paypoint plc has a 1-year low of GBX 700.00 and a 1-year high of GBX 1,176.51. The stock’s 50-day moving average is GBX 1,027.17 and its 200 day moving average is GBX 1,000.19.
The business also recently announced a dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, June 22nd will be issued a dividend of GBX 54.50 ($0.71) per share. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a yield of 5.68%. This is a positive change from Paypoint plc’s previous dividend of $38.90.
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In related news, insider Rachel Kentleton bought 139 shares of the stock in a transaction on Wednesday, March 22nd. The stock was bought at an average price of GBX 990 ($12.88) per share, for a total transaction of £1,376.10 ($1,790.17). In the last 90 days, insiders have acquired 164 shares of company stock valued at $162,911.
Paypoint plc Company Profile
PayPoint plc is a United Kingdom-based holding company. The Company’s subsidiaries provide specialist consumer payment, and other services and products, transaction processing and settlement. It offers clients streamlined consumer payment processing and transaction routing in an integrated solution, through MultiPay.
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