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Paypoint ( (GB:PAY) ) has issued an update.
PayPoint PLC has announced the repurchase of 26,520 of its ordinary shares at prices ranging between 452.50p and 471.00p, with a weighted average price of 460.6193p. The company plans to cancel these shares, which will impact its share capital structure, currently consisting of 63,018,588 ordinary shares. This move is part of a buyback program aimed at optimizing the company’s capital structure and potentially enhancing 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, providing payment solutions and services primarily focused on convenience retail and other sectors. The company facilitates transactions and offers a range of services including bill payments, top-ups, and retail services.
Average Trading Volume: 243,361
Technical Sentiment Signal: Sell
Current Market Cap: £293.7M
Learn more about PAY stock on TipRanks’ Stock Analysis page.