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The latest update is out from Paypoint ( (GB:PAY) ).
PayPoint plc announced the repurchase of 15,289 of its ordinary shares at prices ranging from 689.00 to 696.00 pence per share, with a weighted average price of 691.5342 pence. The company plans to cancel these shares, which will impact its share capital structure, currently consisting of 69,491,528 ordinary shares. This move is part of a buyback program, potentially affecting shareholder interests and market perceptions.
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
PayPoint plc operates in the financial services industry, primarily providing payment solutions and services. The company focuses on facilitating transactions through its network, catering to various market segments including retail and consumer payments.
Average Trading Volume: 172,896
Technical Sentiment Signal: Buy
Current Market Cap: £478.6M
See more insights into PAY stock on TipRanks’ Stock Analysis page.