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Paypoint ( (GB:PAY) ) has shared an announcement.
PayPoint PLC announced the repurchase of 12,620 of its ordinary shares at prices ranging from 681.00 to 701.00 pence per share, with a weighted average price of 689.3724 pence. The company plans to cancel these shares, which will impact its share capital structure, now consisting of 70,431,723 ordinary shares. This move is part of a buyback program, potentially enhancing shareholder value and adjusting the company’s capital structure.
The most recent analyst rating on (GB:PAY) stock is a Sell with a £5.10 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 Outperform.
Paypoint demonstrates robust financial health with solid revenue growth and profitability. The strategic share buyback initiatives further enhance shareholder value. While the stock is attractively valued, potential bearish technical signals introduce some caution.
To see Spark’s full report on GB:PAY stock, click here.
More about Paypoint
PayPoint PLC operates in the financial services industry, providing payment and retail technology solutions. The company focuses on offering services such as bill payments, top-ups, and retail technology to various sectors, including convenience stores and other retail outlets.
Average Trading Volume: 146,096
Technical Sentiment Signal: Strong Buy
Current Market Cap: £491.6M
For a thorough assessment of PAY stock, go to TipRanks’ Stock Analysis page.