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The latest announcement is out from Paypoint ( (GB:PAY) ).
PayPoint PLC, a company involved in financial transactions, has announced the repurchase of 19,659 of its ordinary shares through Investec Bank plc. The shares were bought at prices ranging from 742.00 to 755.00 pence, with a weighted average price of 748.8671 pence. The company plans to cancel these shares, which will impact its share capital, currently consisting of 69,775,897 ordinary shares. This move is part of a buyback program and may affect shareholder calculations under the FCA’s Disclosure Guidance and Transparency 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.
The overall stock score is driven by mixed financial performance and technical analysis, with significant positive influence from corporate events such as share buybacks. While the valuation is relatively high, the dividend yield offers some compensation. The absence of earnings call data limits insights into management’s outlook.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
Average Trading Volume: 183,624
Technical Sentiment Signal: Strong Buy
Current Market Cap: £516.2M
See more data about PAY stock on TipRanks’ Stock Analysis page.