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PayPoint Announces Share Buyback and Cancellation

Story Highlights
  • PayPoint plc purchased 10,473 ordinary shares at prices between 707 and 717 pence.
  • The company plans to cancel the shares, impacting its share capital and shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
PayPoint Announces Share Buyback and Cancellation

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Paypoint ( (GB:PAY) ) just unveiled an update.

PayPoint plc, a company involved in financial transactions, has announced the purchase of 10,473 of its ordinary shares at prices ranging from 707 to 717 pence per share, with a weighted average price of 712.2740 pence. The company plans to cancel these shares, which will impact its share capital, consisting of 69,561,974 ordinary shares. This buyback is part of a strategy to manage its capital structure and could influence shareholder value and market perception.

The most recent analyst rating on (GB:PAY) stock is a Hold with a £781.00 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 combination of financial challenges and technical weakness. The most significant factor is the mixed financial performance, with stable revenue but declining profitability and increased leverage. Technical indicators suggest a bearish trend, which further impacts the score. Valuation offers some positive aspects due to a decent dividend yield, but the high P/E ratio limits its attractiveness.

To see Spark’s full report on GB:PAY stock, click here.

More about Paypoint

Average Trading Volume: 169,412

Technical Sentiment Signal: Buy

Current Market Cap: £495.9M

For a thorough assessment of PAY stock, go to TipRanks’ Stock Analysis page.

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