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

Barclays PLC reaffirmed their underweight rating on shares of Paypoint plc (LON:PAY) in a research note issued to investors on Tuesday morning. They currently have a GBX 950 ($11.80) price objective on the stock.

A number of other equities research analysts have also recently issued reports on PAY. Canaccord Genuity reiterated a buy rating and issued a GBX 1,162 ($14.43) price objective on shares of Paypoint plc in a report on Monday, January 16th. Numis Securities Ltd reiterated a hold rating and issued a GBX 950 ($11.80) price objective on shares of Paypoint plc in a report on Thursday, January 26th. Liberum Capital decreased their price objective on shares of Paypoint plc from GBX 1,150 ($14.28) to GBX 1,110 ($13.78) and set a buy rating for the company in a report on Thursday, January 26th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Paypoint plc from GBX 1,060 ($13.16) to GBX 1,069 ($13.27) and gave the stock an overweight rating in a report on Wednesday, January 4th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of GBX 1,081.83 ($13.43).

Shares of Paypoint plc (LON:PAY) traded up 0.09% during mid-day trading on Tuesday, hitting GBX 1079.00. The stock had a trading volume of 9,253 shares. Paypoint plc has a one year low of GBX 700.00 and a one year high of GBX 1,176.51. The company’s market cap is GBX 734.91 million. The firm’s 50 day moving average price is GBX 1,004.36 and its 200-day moving average price is GBX 1,010.45.

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In related news, insider Rachel Kentleton bought 139 shares of Paypoint plc stock in a transaction that occurred on Wednesday, March 22nd. The stock was acquired at an average price of GBX 990 ($12.29) per share, for a total transaction of £1,376.10 ($1,708.80). In the last quarter, insiders purchased 164 shares of company stock valued at $162,001.

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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