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Paypoint ( (GB:PAY) ) has shared an update.
PayPoint plc has announced the repurchase of 24,800 of its ordinary shares at prices ranging from 666.00 pence to 695.00 pence, with a weighted average price of 685.0179 pence. The company intends to cancel these shares, which will impact its share capital structure, currently consisting of 63,410,383 ordinary shares. This buyback is part of a broader strategy to manage its capital and potentially enhance shareholder value.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £779.00 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 performance challenges and mixed technical indicators. The company’s stable revenue and attractive dividend yield are positive factors, but declining profitability, increased leverage, and cash flow constraints pose significant risks. The technical analysis suggests potential for recovery, but caution is advised due to current market conditions.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
PayPoint plc operates in the financial services industry, primarily offering payment and retail technology solutions. The company focuses on facilitating bill payments, top-ups, and retail services through its network of terminals and digital platforms.
Average Trading Volume: 154,535
Technical Sentiment Signal: Buy
Current Market Cap: £437.4M
Find detailed analytics on PAY stock on TipRanks’ Stock Analysis page.