JPMorgan Chase & Co. Boosts Paypoint plc (PAY) Price Target to GBX 877
Paypoint plc (LON:PAY) had its target price hoisted by equities research analysts at JPMorgan Chase & Co. from GBX 841 ($12.17) to GBX 877 ($12.69) in a research report issued to clients and investors on Friday. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would suggest a potential downside of 3.25% from the stock’s previous close.
Several other equities analysts also recently weighed in on PAY. Numis Securities Ltd reduced their target price on shares of Paypoint plc from GBX 895 ($12.95) to GBX 879 ($12.72) and set a “hold” rating for the company in a research note on Thursday, January 28th. Liberum Capital reaffirmed a “buy” rating and set a GBX 1,000 ($14.47) price objective on shares of Paypoint plc in a research note on Wednesday, May 4th. Canaccord Genuity reduced their price objective on shares of Paypoint plc from GBX 1,400 ($20.26) to GBX 1,035 ($14.98) and set a “buy” rating for the company in a research note on Thursday, January 28th. Finally, Barclays reaffirmed an “underweight” rating and set a GBX 850 ($12.30) price objective on shares of Paypoint plc in a research note on Friday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 953.43 ($13.80).
Paypoint plc (LON:PAY) opened at 941.5000 on Friday. Paypoint plc has a one year low of GBX 709.00 and a one year high of GBX 1,112.15. The company’s market capitalization is GBX 640.64 million. The company has a 50-day moving average price of GBX 845.97 and a 200-day moving average price of GBX 849.36.
The business also recently announced a dividend, which will be paid on Friday, July 29th. Shareholders of record on Thursday, June 30th will be given a dividend of GBX 49.20 ($0.71) per share. This is a boost from Paypoint plc’s previous dividend of $14.20. The ex-dividend date is Thursday, June 30th. This represents a yield of 5.43%.
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.