The Paypoint plc (PAY) Earns Buy Rating from Jefferies Group LLC

The Paypoint plc (PAY) Earns Buy Rating from Jefferies Group LLC

A number of other equities research analysts have also recently issued reports on PAY. Barclays PLC reaffirmed an “underweight” rating and issued a GBX 950 ($12.20) target price on shares of Paypoint plc in a report on Tuesday, April 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 1,069 ($13.73) target price on shares of Paypoint plc in a report on Friday, January 27th. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 1,162 ($14.93) target price on shares of Paypoint plc in a report on Thursday, January 26th. Liberum Capital reaffirmed an “under review” rating and issued a GBX 900 ($11.56) target price (down from GBX 1,110 ($14.26)) on shares of Paypoint plc in a report on Thursday, May 25th. Finally, Numis Securities Ltd reaffirmed a “hold” rating and issued a GBX 950 ($12.20) target price on shares of Paypoint plc in a report on Thursday, January 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of GBX 1,043.50 ($13.40).

Paypoint plc (LON:PAY)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group LLC in a note issued to investors on Friday, May 26th. They currently have a GBX 1,200 ($15.41) price objective on the stock. Jefferies Group LLC’s price target would suggest a potential upside of 29.38% from the stock’s current price.

Shares of Paypoint plc (LON:PAY) opened at 925.35 on Friday. The stock’s market cap is GBX 630.47 million. Paypoint plc has a 12 month low of GBX 700.00 and a 12 month high of GBX 1,176.51. The stock has a 50 day moving average price of GBX 1,008.14 and a 200 day moving average price of GBX 995.20.

The firm also recently announced a dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, June 22nd will be given a dividend of GBX 54.50 ($0.70) per share. This represents a dividend yield of 5.68%. The ex-dividend date is Thursday, June 22nd. This is a positive change from Paypoint plc’s previous dividend of $38.90. In other Paypoint plc news, insider Dominic Taylor sold 8,656 shares of the stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of GBX 943 ($12.11), for a total transaction of £81,626.08 ($104,850.46). Also, insider Rachel Kentleton bought 1,245 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were acquired at an average price of GBX 967 ($12.42) per share, for a total transaction of £12,039.15 ($15,464.55). In the last 90 days, insiders have acquired 1,409 shares of company stock worth $1,366,826.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:PAY”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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