Paypoint plc (PAY) Given Consensus Rating of “Hold” by Brokerages
Shares of Paypoint plc (LON:PAY) have been given an average recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 1,062.50 ($13.87).
Several research firms have commented on PAY. Liberum Capital reaffirmed a “hold” rating and set a GBX 980 ($12.80) price target on shares of Paypoint plc in a research report on Monday, June 26th. J P Morgan Chase & Co lifted their price target on Paypoint plc from GBX 1,069 ($13.96) to GBX 1,183 ($15.45) and gave the stock an “overweight” rating in a research report on Friday, June 16th. Barclays PLC reaffirmed an “underweight” rating and set a GBX 900 ($11.75) price target on shares of Paypoint plc in a research report on Friday, May 26th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 1,200 ($15.67) price target on shares of Paypoint plc in a research report on Friday, May 26th.
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In related news, insider Rakesh Sharma bought 1,082 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were acquired at an average price of GBX 918 ($11.99) per share, with a total value of £9,932.76 ($12,970.44). Also, insider Rachel Kentleton bought 1,245 shares of the company’s stock in a transaction dated Friday, May 26th. The stock was bought at an average cost of GBX 967 ($12.63) per share, for a total transaction of £12,039.15 ($15,721.01). In the last three months, insiders bought 2,365 shares of company stock worth $2,234,595.
Shares of Paypoint plc (LON PAY) traded down 0.86% during trading on Monday, reaching GBX 861.00. 17,712 shares of the company traded hands. The stock’s 50 day moving average is GBX 958.75 and its 200 day moving average is GBX 984.13. Paypoint plc has a 1-year low of GBX 835.50 and a 1-year high of GBX 1,176.51. The company’s market capitalization is GBX 586.64 million.
The business also recently announced a dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, June 22nd will be issued a GBX 54.50 ($0.71) dividend. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a dividend yield of 5.68%. This is a positive change from Paypoint plc’s previous dividend of $38.90.
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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