Analyst Hannes Leitner of Jefferies maintained a Buy rating on Paypoint (PAY – Research Report), with a price target of p928.00.
Hannes Leitner has given his Buy rating due to a combination of factors that highlight PayPoint’s strong financial outlook and strategic initiatives. The company’s recent trading update indicates that it is on track to achieve its EBITDA target of approximately £90 million for FY25, aligning with market expectations. This performance is supported by a manageable net debt level expected to be under £100 million, resulting in a leverage ratio below 1.1x, which is consistent with the company’s financial goals.
Additionally, PayPoint’s commitment to shareholder value is evident through its share buyback program, which has successfully repurchased 2.2 million shares. Looking ahead, the company aims to reach an EBITDA of £100 million by FY26, with expectations of revenue growth and improved profit margins. The upcoming release of FY25 results and a new strategic plan for the next three years are anticipated to provide further clarity and direction, reinforcing the positive outlook for the stock.
According to TipRanks, Leitner is ranked #838 out of 9371 analysts.