Paypoint’s (PAY) Buy Rating Reiterated at Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Paypoint (LON:PAY) in a research report released on Friday, Digital Look reports. They currently have a GBX 1,140 ($14.90) price target on the stock.

Several other analysts have also weighed in on the stock. Jefferies Financial Group reiterated a buy rating on shares of Paypoint in a research note on Tuesday, April 9th. Barclays restated an underweight rating on shares of Paypoint in a research note on Friday, May 24th. Liberum Capital restated a buy rating on shares of Paypoint in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price target on shares of Paypoint from GBX 1,183 ($15.46) to GBX 1,226 ($16.02) and gave the company an overweight rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of GBX 1,184.67 ($15.48).

LON:PAY opened at GBX 932.99 ($12.19) on Friday. The company has a fifty day moving average of GBX 1,046.72. The company has a market cap of $642.87 million and a price-to-earnings ratio of 14.40. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 13.14. Paypoint has a twelve month low of GBX 739 ($9.66) and a twelve month high of GBX 1,158 ($15.13).

The firm also recently declared a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 5th will be paid a dividend of GBX 21 ($0.27) per share. The ex-dividend date of this dividend is Thursday, September 5th. This represents a yield of 1.97%. Paypoint’s dividend payout ratio (DPR) is presently 0.37%.

In other Paypoint news, insider Rachel Kentleton sold 2,740 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of GBX 1,057 ($13.81), for a total transaction of £28,961.80 ($37,843.72).

About Paypoint

PayPoint plc provides specialist consumer payment, transaction processing, settlement, and other services and products in the United Kingdom, Ireland, Romania, North America, and France. The company offers bill and general services, such as prepaid energy, bills, and cash out services; top-ups, including mobiles and prepaid debit card top-ups, eMoney vouchers, prepaid debit cards, and lottery tickets; and retail services comprising ATM, card payments, parcels, money transfer, SIMs, EPoS, broadband, and receipt advertising.

Further Reading: Hedge Funds

Analyst Recommendations for Paypoint (LON:PAY)

Receive News & Ratings for Paypoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paypoint and related companies with MarketBeat.com's FREE daily email newsletter.