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Paypoint ( (GB:PAY) ) has issued an announcement.
PayPoint plc has announced the repurchase of 17,752 of its ordinary shares, with plans to cancel these shares, as part of its ongoing buyback program. This move is likely to impact the company’s share capital, which currently consists of 69,705,374 shares, and may influence shareholder interests and market perceptions.
The most recent analyst rating on (GB:PAY) stock is a Buy with a £928.00 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 is driven by a mixed financial performance, with stable revenue but declining profitability and increased leverage. Technical analysis indicates bearish momentum, while valuation metrics are moderate. Positive corporate events, such as share buybacks, provide some support to the stock’s outlook.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
PayPoint plc operates in the financial services industry, providing payment solutions and services. The company focuses on facilitating transactions and offering payment services to various stakeholders, including businesses and consumers.
Average Trading Volume: 183,485
Technical Sentiment Signal: Buy
Current Market Cap: £505.3M
See more insights into PAY stock on TipRanks’ Stock Analysis page.