Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Paypoint ( (GB:PAY) ) has shared an announcement.
PayPoint PLC, a company involved in financial transactions, has announced the repurchase of 17,680 of its ordinary shares through Investec Bank plc, with plans to cancel these shares. This buyback reduces the company’s share capital to 69,637,927 shares, potentially impacting shareholder voting rights and interests in accordance with FCA’s Disclosure Guidance and Transparency Rules.
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
Average Trading Volume: 168,699
Technical Sentiment Signal: Strong Buy
Current Market Cap: £515.2M
See more data about PAY stock on TipRanks’ Stock Analysis page.