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Paypoint ( (GB:PAY) ) has issued an update.
PayPoint plc has announced the repurchase of 15,759 of its ordinary shares at prices ranging from 659.00 to 670.00 pence per share, with a weighted average price of 665.6073 pence. The company plans to cancel these shares, which will impact its share capital, currently consisting of 69,296,261 ordinary shares. This move is part of a buyback programme aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £781.00 price target. To see the full list of analyst forecasts on Paypoint stock, see the GB:PAY Stock Forecast page.
Spark’s Take on GB:PAY Stock
According to Spark, TipRanks’ AI Analyst, GB:PAY is a Neutral.
Paypoint’s overall stock score reflects a combination of financial challenges and technical weakness. The most significant factor is the mixed financial performance, with stable revenue but declining profitability and increased leverage. Technical indicators suggest a bearish trend, which further impacts the score. Valuation offers some positive aspects due to a decent dividend yield, but the high P/E ratio limits its attractiveness.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
PayPoint plc operates in the financial services industry, primarily focusing on providing payment solutions and services. The company is known for its extensive network of payment terminals and services that facilitate transactions for various sectors, including retail and utilities.
Average Trading Volume: 157,595
Technical Sentiment Signal: Buy
Current Market Cap: £464.9M
Learn more about PAY stock on TipRanks’ Stock Analysis page.