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The latest update is out from Paypoint ( (GB:PAY) ).
PayPoint PLC, a company involved in financial transactions, announced the purchase of 13,563 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 715.00 to 726.00 pence, with a weighted average price of 721.3905 pence. The company plans to cancel these shares, which will impact its share capital, currently consisting of 70,263,980 ordinary shares. This move is part of a buyback program and may influence shareholder calculations under the FCA’s rules.
The most recent analyst rating on (GB:PAY) stock is a Sell with a £5.10 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 Outperform.
Paypoint demonstrates robust financial health with solid revenue growth and profitability. The strategic share buyback initiatives further enhance shareholder value. While the stock is attractively valued, potential bearish technical signals introduce some caution.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
Average Trading Volume: 158,277
Technical Sentiment Signal: Strong Buy
Current Market Cap: £506.3M
Learn more about PAY stock on TipRanks’ Stock Analysis page.