Numis Securities Ltd Increases Paypoint plc (PAY) Price Target to GBX 950
Paypoint plc (LON:PAY) had its price objective increased by Numis Securities Ltd from GBX 879 ($10.90) to GBX 950 ($11.79) in a report released on Thursday morning. Numis Securities Ltd currently has a hold rating on the stock.
Several other equities research analysts have also recently issued reports on PAY. Barclays PLC restated an equal weight rating and set a GBX 890 ($11.04) price objective on shares of Paypoint plc in a research report on Friday, July 29th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 877 ($10.88) price objective on shares of Paypoint plc in a research report on Friday, July 29th. Liberum Capital restated a buy rating and set a GBX 1,000 ($12.41) price objective on shares of Paypoint plc in a research report on Thursday, September 15th. Jefferies Group restated a buy rating and set a GBX 1,250 ($15.51) price objective on shares of Paypoint plc in a research report on Thursday, September 29th. Finally, Canaccord Genuity raised their price objective on shares of Paypoint plc from GBX 1,063 ($13.19) to GBX 1,162 ($14.42) and gave the stock a buy rating in a research report on Thursday, November 24th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of GBX 1,090.50 ($13.53).
Paypoint plc (LON:PAY) opened at 1031.00 on Thursday. The firm has a 50 day moving average of GBX 1,076.92 and a 200-day moving average of GBX 996.20. Paypoint plc has a 52 week low of GBX 700.00 and a 52 week high of GBX 1,176.51. The stock’s market capitalization is GBX 702.21 million.
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The firm also recently disclosed a dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be paid a GBX 27.20 ($0.34) dividend. This represents a dividend yield of 2.62%. The ex-dividend date is Thursday, December 1st.
About Paypoint plc
PayPoint plc is a United Kingdom-based holding company. Through its subsidiaries, the Company is engaged in providing clients with specialist consumer payment and other services and products, transaction processing and settlement. It offers payments for everyone from consumer and financial services companies to retailers, utilities, media, gaming and government clients.
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