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An update from Paypoint ( (GB:PAY) ) is now available.
PayPoint plc, a company involved in financial transactions, has announced the repurchase of 30,822 of its ordinary shares through Investec Bank plc, with plans to cancel these shares. This move is part of a buyback program, with the shares purchased at prices ranging from 473.50 to 500.00 pence, and a weighted average price of 483.1605 pence. The company’s current share capital consists of 63,315,770 ordinary shares, and this transaction may impact shareholder calculations under the FCA’s rules.
The most recent analyst rating on (GB:PAY) stock is a Sell with a £4.70 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
For a thorough assessment of PAY stock, go to TipRanks’ Stock Analysis page.