Paypoint plc’s (PAY) Underweight Rating Reaffirmed at Barclays PLC

Barclays PLC restated their underweight rating on shares of Paypoint plc (LON:PAY) in a report issued on Tuesday morning. They currently have a GBX 950 ($11.55) target price on the stock.

A number of other research analysts have also commented on PAY. Liberum Capital reaffirmed a buy rating and issued a GBX 1,000 ($12.16) price objective on shares of Paypoint plc in a report on Thursday, September 15th. Jefferies Group reaffirmed a buy rating and issued a GBX 1,250 ($15.20) price objective on shares of Paypoint plc in a report on Thursday, September 29th. Numis Securities Ltd reissued a hold rating and set a GBX 879 ($10.69) target price on shares of Paypoint plc in a report on Thursday, September 29th. Canaccord Genuity increased their target price on Paypoint plc from GBX 1,063 ($12.93) to GBX 1,162 ($14.13) and gave the stock a buy rating in a report on Thursday, November 24th. Finally, J P Morgan Chase & Co increased their target price on Paypoint plc from GBX 877 ($10.67) to GBX 1,051 ($12.78) and gave the stock a neutral rating in a report on Friday, November 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of GBX 1,080.17 ($13.14).

Analyst Recommendations for Paypoint plc (LON:PAY)

Paypoint plc (LON:PAY) traded down 1.03% during midday trading on Tuesday, reaching GBX 960.00. 39,770 shares of the company’s stock were exchanged. Paypoint plc has a 12 month low of GBX 700.00 and a 12 month high of GBX 1,176.51. The company has a 50 day moving average price of GBX 980.58 and a 200 day moving average price of GBX 1,003.59. The company’s market cap is GBX 653.86 million.

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The company also recently announced a dividend, which will be paid on Wednesday, January 11th. Shareholders of record on Thursday, January 5th will be given a GBX 38.90 ($0.47) dividend. The ex-dividend date is Thursday, January 5th. This is an increase from Paypoint plc’s previous dividend of $27.20. This represents a yield of 4.03%.

About Paypoint plc

PayPoint plc is a United Kingdom-based holding company. The Company’s subsidiaries provide specialist consumer payment, and other services and products, transaction processing and settlement. It offers clients streamlined consumer payment processing and transaction routing in an integrated solution, through MultiPay.

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