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Paypoint ( (GB:PAY) ) has provided an announcement.
PayPoint plc has announced the repurchase of 12,074 of its ordinary shares, with plans to cancel them, as part of a buyback programme executed through Investec Bank plc. This move is significant as it impacts the company’s share capital, which now consists of 69,637,927 ordinary shares, and may influence shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £808.00 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 solid financial performance despite some operational challenges, supported by strategic corporate actions like share buybacks. Technical indicators suggest caution, but the valuation is balanced by a strong dividend yield. The absence of earnings call data limits insights into future guidance.
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 services that enhance payment processes for businesses and consumers.
Average Trading Volume: 168,699
Technical Sentiment Signal: Strong Buy
Current Market Cap: £515.2M
Find detailed analytics on PAY stock on TipRanks’ Stock Analysis page.