TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest announcement is out from Paypoint ( (GB:PAY) ).
PayPoint plc, a company involved in financial transactions, announced the repurchase of 30,515 of its ordinary shares through Investec Bank plc. The shares were purchased at prices ranging from 503.00 to 526.00 pence, with a weighted average price of 514.9088 pence. The company intends to cancel these shares, impacting its share capital, which now consists of 63,315,770 ordinary shares. This move is part of a buyback program that could influence shareholder value and market perception.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £529.00 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 mixed outlook. The most significant factor is the financial performance, which shows stable revenue but declining profitability and increased leverage. Technical analysis indicates bearish momentum, which is a concern. However, the valuation is attractive due to a high dividend yield. The earnings call provided some positive insights into future growth, balancing some of the financial and technical challenges.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
Average Trading Volume: 193,969
Technical Sentiment Signal: Sell
Current Market Cap: £317.2M
Find detailed analytics on PAY stock on TipRanks’ Stock Analysis page.