Planet Payment Inc (PLPM) Given Average Recommendation of “Hold” by Brokerages
Shares of Planet Payment Inc (NASDAQ:PLPM) have earned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $4.75.
PLPM has been the topic of several recent research reports. Zacks Investment Research cut shares of Planet Payment from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Craig Hallum cut shares of Planet Payment from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Northland Securities reaffirmed a “buy” rating and set a $4.50 target price on shares of Planet Payment in a report on Thursday, October 12th. Barrington Research cut shares of Planet Payment from an “outperform” rating to an “underperform” rating in a report on Friday, October 27th. Finally, Lake Street Capital cut shares of Planet Payment from a “buy” rating to a “hold” rating and lowered their target price for the stock from $5.00 to $4.50 in a report on Friday, October 27th.
Planet Payment (NASDAQ PLPM) opened at $4.49 on Wednesday. The firm has a market cap of $224.00, a PE ratio of 9.16 and a beta of 0.61. Planet Payment has a fifty-two week low of $3.10 and a fifty-two week high of $4.50.
About Planet Payment
Planet Payment, Inc is a provider of international payment and transaction processing and multi-currency processing services. The Company operates through two segments: multi-currency processing services and payment processing services. Its multi-currency processing services segment includes Pay In Your Currency, Multi-Currency Pricing and Dynamic Currency Conversion at automated teller machines, enable merchants to offer customized pricing in multiple currencies.
Receive News & Ratings for Planet Payment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Planet Payment and related companies with MarketBeat.com's FREE daily email newsletter.