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An announcement from Paypoint ( (GB:PAY) ) is now available.
PayPoint plc, a company involved in financial transactions, has announced the repurchase of 20,553 of its ordinary shares through Investec Bank plc, with plans to cancel these shares. This move is part of a buyback programme, which could potentially impact the company’s share capital and influence shareholder interests, as the current share capital stands at 69,020,198 ordinary shares.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £789.00 price target. To see the full list of analyst forecasts on Paypoint stock, see the GB:PAY Stock Forecast page.
Spark’s Take on GB:PAY Stock
According to Spark, TipRanks’ AI Analyst, GB:PAY is a Neutral.
The overall stock score of 60 reflects a cautious outlook. The most significant factor is the mixed financial performance, with stable revenue but declining profitability and increased leverage. Technical analysis suggests potential overvaluation, and the high P/E ratio further supports this concern. The attractive dividend yield is a positive aspect, but overall, the stock faces challenges that could impact future performance.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
Average Trading Volume: 158,614
Technical Sentiment Signal: Strong Buy
Current Market Cap: £520.3M
Find detailed analytics on PAY stock on TipRanks’ Stock Analysis page.