Paypoint plc (PAY) Price Target Raised to GBX 1,030 at Barclays PLC
Paypoint plc (LON:PAY) had its target price boosted by investment analysts at Barclays PLC from GBX 890 ($11.01) to GBX 1,030 ($12.75) in a research report issued to clients and investors on Monday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price target would indicate a potential downside of 7.79% from the stock’s previous close.
A number of other research firms also recently issued reports on PAY. Numis Securities Ltd reaffirmed a “hold” rating and set a GBX 879 ($10.88) price target on shares of Paypoint plc in a research note on Thursday, September 29th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,100 ($13.61) price target on shares of Paypoint plc in a research note on Friday, September 30th. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 1,063 ($13.16) price target on shares of Paypoint plc in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 877 ($10.85) price target on shares of Paypoint plc in a research note on Friday, July 29th. Finally, Jefferies Group reaffirmed a “buy” rating and set a GBX 1,250 ($15.47) price target on shares of Paypoint plc in a research note on Thursday, September 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 1,018.86 ($12.61).
Shares of Paypoint plc (LON:PAY) traded down 5.39% during midday trading on Monday, hitting GBX 1105.00. 23,133 shares of the stock were exchanged. The stock’s market cap is GBX 752.42 million. Paypoint plc has a 12 month low of GBX 700.00 and a 12 month high of GBX 1,176.51. The firm has a 50 day moving average of GBX 1,027.03 and a 200-day moving average of GBX 938.80.
About Paypoint plc
PayPoint plc is a United Kingdom-based holding company. Through its subsidiaries, the Company is engaged in providing clients with specialist consumer payment and other services and products, transaction processing and settlement. It offers payments for everyone from consumer and financial services companies to retailers, utilities, media, gaming and government clients.
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