Paypoint price target raised to 722 GBp from 680 GBp at Jefferies

Jefferies raised the firm’s price target on Paypoint to 722 GBp from 680 GBp and keeps a Buy rating on the shares. The analyst sees e-commerce growth as a catalyst into fiscal 2025 for the company, driven by the Royal Mail partnership. The firm believes Paypoint’s margins have bottomed out with operational efficiency “kicking in.”