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Paypoint ( (GB:PAY) ) just unveiled an announcement.
PayPoint plc has executed a share buyback program, purchasing 12,676 of its ordinary shares at prices ranging from 709.00 to 724.00 pence, with a weighted average price of 717.2236 pence. The company plans to cancel these shares, impacting its share capital and potentially influencing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:PAY) stock is a Hold with a £779.00 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.
Paypoint’s overall stock score reflects a combination of financial performance challenges and mixed technical indicators. The company’s stable revenue and attractive dividend yield are positive factors, but declining profitability, increased leverage, and cash flow constraints pose significant risks. The technical analysis suggests potential for recovery, but caution is advised due to current market conditions.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
PayPoint plc operates in the financial services industry, offering payment solutions and services primarily focused on consumer transactions and retail networks.
Average Trading Volume: 147,341
Technical Sentiment Signal: Buy
Current Market Cap: £449.4M
For a thorough assessment of PAY stock, go to TipRanks’ Stock Analysis page.