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 shared an update.
PayPoint PLC has announced the repurchase of 28,021 of its ordinary shares at prices ranging from 461.50p to 484.50p, with a weighted average price of 477.2759p. The company plans to cancel these shares, which will impact its share capital structure, currently consisting of 63,172,374 ordinary shares. This buyback is part of a broader strategy to manage its capital structure and potentially enhance shareholder value.
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 offering payment and retail technology services. The company focuses on providing solutions for bill payments, top-ups, and retail services, catering to both consumers and businesses.
Average Trading Volume: 225,648
Technical Sentiment Signal: Sell
Current Market Cap: £301.4M
Learn more about PAY stock on TipRanks’ Stock Analysis page.