TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Paypoint ( (GB:PAY) ) has issued an announcement.
PayPoint plc has announced the purchase of 31,294 of its ordinary shares through Investec Bank plc as part of a share buyback program. The company plans to cancel these shares, which will impact its share capital, currently consisting of 63,172,374 ordinary shares. This move is part of PayPoint’s strategy to manage its capital structure and may influence shareholder value and market perception.
The most recent analyst rating on (GB:PAY) stock is a Sell with a £4.70 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 mixed outlook. The most significant factor is the financial performance, which shows stable revenue but declining profitability and increased leverage. Technical analysis indicates bearish momentum, which is a concern. However, the valuation is attractive due to a high dividend yield. The earnings call provided some positive insights into future growth, balancing some of the financial and technical challenges.
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 offering convenient payment systems for consumers and businesses, facilitating transactions across various sectors.
Average Trading Volume: 215,576
Technical Sentiment Signal: Sell
Current Market Cap: £300.4M
Find detailed analytics on PAY stock on TipRanks’ Stock Analysis page.