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Paypoint ( (GB:PAY) ) has shared an update.
PayPoint PLC has executed a share buyback program, purchasing 20,308 of its ordinary shares through Investec Bank plc at prices ranging from 826.00 to 836.00 pence per share, with a weighted average price of 831.8233 pence. The company plans to cancel these shares, which will impact the total share capital, now consisting of 70,080,328 ordinary shares, affecting shareholder calculations under the FCA’s rules.
The most recent analyst rating on (GB:PAY) stock is a Buy with a £928.00 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 score reflects solid corporate strategies with positive share buyback signals enhancing shareholder value. However, financial performance concerns, particularly around profitability and leverage, need addressing. The technical outlook is favorable, indicating positive momentum, but valuation concerns suggest caution.
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 managing payment systems for various stakeholders, including retailers and consumers.
Average Trading Volume: 183,110
Technical Sentiment Signal: Buy
Current Market Cap: £580.8M
For an in-depth examination of PAY stock, go to TipRanks’ Overview page.