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Paypoint ( (GB:PAY) ) has issued an update.
PayPoint plc, a company involved in financial transactions, announced the repurchase of 10,523 of its ordinary shares through Investec Bank plc, with plans to cancel these shares. This move is part of a buyback program that impacts the company’s share capital, which now consists of 70,248,178 ordinary shares. The buyback is expected to influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:PAY) stock is a Sell with a £5.10 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 Outperform.
Paypoint demonstrates robust financial health with solid revenue growth and profitability. The strategic share buyback initiatives further enhance shareholder value. While the stock is attractively valued, potential bearish technical signals introduce some caution.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
Average Trading Volume: 178,639
Technical Sentiment Signal: Buy
Current Market Cap: £581M
For detailed information about PAY stock, go to TipRanks’ Stock Analysis page.