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Paypoint ( (GB:PAY) ) has issued an update.
PayPoint PLC has announced the repurchase of 31,007 of its ordinary shares as part of a share buyback programme intended to enhance shareholder value. The acquired shares, purchased at an average price of 474.0625 pence, will be cancelled, reducing the total share capital to 62,737,004 shares, which will affect the calculation of shareholders’ voting interests in line with FCA regulations.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £471.00 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 mixed outlook. The high dividend yield and strategic corporate actions are positive, but financial performance challenges and bearish technical indicators weigh on the score. The company needs to address operational and financial risks to improve its market position.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
PayPoint PLC operates in the financial services industry, providing digital payment and retail technology solutions. The company focuses on delivering payment services and customer engagement platforms to clients, particularly in the retail and utility sectors.
Average Trading Volume: 283,148
Technical Sentiment Signal: Sell
Current Market Cap: £294.9M
For an in-depth examination of PAY stock, go to TipRanks’ Overview page.