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Paypoint ( (GB:PAY) ) has shared an update.
PayPoint plc, a company involved in financial transactions, has announced the purchase of 16,374 of its own ordinary shares at prices ranging from 446.00p to 455.50p, with a weighted average price of 451.2742p. The company plans to cancel these shares, which will impact its share capital, currently consisting of 62,877,584 ordinary shares. This move is part of a buyback program and may influence shareholder calculations under FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £471.00 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 high dividend yield and strategic corporate actions are positive, but financial performance challenges and bearish technical indicators weigh on the score. The company needs to address operational and financial risks to improve its market position.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
Average Trading Volume: 274,773
Technical Sentiment Signal: Sell
Current Market Cap: £287.3M
For an in-depth examination of PAY stock, go to TipRanks’ Overview page.