Paypoint plc (PAY) Upgraded at Liberum Capital
Liberum Capital upgraded shares of Paypoint plc (LON:PAY) to a buy rating in a research report sent to investors on Wednesday, July 26th. The firm currently has GBX 980 ($12.72) target price on the stock.
A number of other analysts also recently issued reports on PAY. Barclays PLC restated an underweight rating and set a GBX 950 ($12.33) price objective on shares of Paypoint plc in a report on Tuesday, April 11th. Jefferies Group LLC restated a buy rating and set a GBX 1,200 ($15.58) price objective on shares of Paypoint plc in a report on Friday, May 26th. Finally, J P Morgan Chase & Co raised their price objective on shares of Paypoint plc from GBX 1,069 ($13.88) to GBX 1,183 ($15.36) and gave the stock an overweight rating in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus price target of GBX 1,062.50 ($13.79).
Shares of Paypoint plc (LON PAY) opened at 902.50 on Wednesday. Paypoint plc has a 12 month low of GBX 835.50 and a 12 month high of GBX 1,176.51. The stock’s 50 day moving average price is GBX 874.77 and its 200-day moving average price is GBX 964.28. The firm’s market cap is GBX 614.92 million.
The firm also recently announced a dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, June 22nd were paid a GBX 54.50 ($0.71) dividend. This is an increase from Paypoint plc’s previous dividend of $38.90. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a dividend yield of 5.68%.
In related news, insider Rakesh Sharma bought 1,082 shares of the company’s stock in a transaction on Friday, June 9th. The stock was acquired at an average cost of GBX 918 ($11.92) per share, for a total transaction of £9,932.76 ($12,894.66). Also, insider Dominic Taylor sold 8,656 shares of Paypoint plc stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of GBX 943 ($12.24), for a total transaction of £81,626.08 ($105,966.61). In the last ninety days, insiders have purchased 2,368 shares of company stock valued at $2,235,423.
Paypoint plc Company Profile
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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