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Paypoint ( (GB:PAY) ) has shared an announcement.
PayPoint PLC has executed a share buyback program, purchasing 17,259 of its ordinary shares at prices ranging from 743 to 758 pence per share, with a weighted average price of 751.2116 pence. The company plans to cancel these shares, impacting its share capital, which now consists of 69,637,927 ordinary shares. This move is part of PayPoint’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £808.00 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 is driven by a solid financial performance despite some operational challenges, supported by strategic corporate actions like share buybacks. Technical indicators suggest caution, but the valuation is balanced by a strong dividend yield. The absence of earnings call data limits insights into future guidance.
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 primarily focused on convenience retail and online sectors. The company facilitates bill payments, top-ups, and retail services through a network of retailers and digital platforms.
Average Trading Volume: 185,389
Technical Sentiment Signal: Strong Buy
Current Market Cap: £523.6M
See more insights into PAY stock on TipRanks’ Stock Analysis page.