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Paypoint ( (GB:PAY) ) just unveiled an announcement.
PayPoint plc announced the repurchase of 18,237 of its ordinary shares, with prices ranging from 668.00 to 675.00 pence per share, and an average price of 672.0829 pence. The company plans to cancel these shares, impacting its share capital structure, which consists of 69,296,261 ordinary shares. This move is part of a buyback program, potentially affecting shareholder interests and market perceptions of the company’s financial strategy.
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, providing payment solutions and services. The company focuses on facilitating transactions and offering services that cater to various market needs, including bill payments, mobile top-ups, and retail services.
Average Trading Volume: 153,567
Technical Sentiment Signal: Buy
Current Market Cap: £463.6M
For an in-depth examination of PAY stock, go to TipRanks’ Overview page.