Paypoint plc (PAY) Receives Average Recommendation of “Buy” from Analysts
Paypoint plc (LON:PAY) has been given an average recommendation of “Buy” by the six ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 1,062.50 ($13.84).
PAY has been the topic of several recent research reports. Barclays PLC reaffirmed an “underweight” rating and set a GBX 950 ($12.37) price objective on shares of Paypoint plc in a research report on Tuesday, May 9th. J P Morgan Chase & Co raised their price objective on shares of Paypoint plc from GBX 1,069 ($13.92) to GBX 1,183 ($15.41) and gave the company an “overweight” rating in a research report on Friday, June 16th. Liberum Capital raised their price objective on shares of Paypoint plc from GBX 900 ($11.72) to GBX 980 ($12.76) and gave the company a “hold” rating in a research report on Tuesday, May 30th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a GBX 1,200 ($15.63) price objective on shares of Paypoint plc in a research report on Friday, May 26th.
Paypoint plc (LON:PAY) traded up 2.74% during mid-day trading on Friday, reaching GBX 900.00. 50,995 shares of the company were exchanged. The company’s 50 day moving average price is GBX 876.67 and its 200-day moving average price is GBX 965.01. Paypoint plc has a 12 month low of GBX 835.50 and a 12 month high of GBX 1,176.51. The stock’s market capitalization is GBX 613.50 million.
The firm also recently disclosed a dividend, which was paid on Monday, July 31st. Investors of record on Thursday, June 22nd were given a dividend of GBX 54.50 ($0.71) per share. This represents a yield of 5.68%. The ex-dividend date was Thursday, June 22nd. This is a positive change from Paypoint plc’s previous dividend of $38.90.
In related news, insider Dominic Taylor sold 8,656 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of GBX 943 ($12.28), for a total transaction of £81,626.08 ($106,297.80). Also, insider Rakesh Sharma acquired 1,082 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were acquired at an average cost of GBX 918 ($11.95) per share, for a total transaction of £9,932.76 ($12,934.97). In the last ninety days, insiders have purchased 2,368 shares of company stock worth $2,235,423.
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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