Paypoint (LON:PAY) Rating
The broker have set target price of GBX 1250.00 on Paypoint (LON:PAY) shares. This is 20.42% from the current price. In a note issued to investors and clients on Thursday morning, Jefferies restate their Buy rating on shares of PAY.
Out of 7 analysts covering PayPoint PLC (LON:PAY), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. GBX 1400 is the highest target while GBX 841 is the lowest. The GBX 985.71 average target is -3.83% below today’s (GBX 1025) stock price. PayPoint PLC has been the topic of 34 analyst reports since October 12, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock on September 29 with “Buy” rating. Canaccord Genuity maintained it with “Buy” rating and GBX 1063 target price in a July 28 report. JP Morgan maintained the shares of PAY in a report on July 29 with “Neutral” rating. J.P. Morgan maintained the firm’s rating on January 28. J.P. Morgan has “Neutral” rating and GBX 841 price target. Lastly, Numis Securities maintained the stock with “Hold” rating in a July 28 report.
About 4,288 shares traded hands. Paypoint plc (LON:PAY) has risen 36.59% since February 29, 2016 and is uptrending. It has outperformed by 25.33% the S&P500.
Insitutional Activity: The institutional sentiment increased to 1.07 in 2016 Q2. Its up 0.13, from 0.94 in 2016Q1. The ratio is positive, as 52 funds sold all Paypoint plc shares owned while 82 reduced positions. 42 funds bought stakes while 101 increased positions. They now own 97.67 million shares or 6.71% less from 104.70 million shares in 2016Q1.
Lapides Asset Management Llc holds 3.58% of its portfolio in Paypoint plc for 1.04 million shares. Guinness Atkinson Asset Management Inc owns 213,610 shares or 2.48% of their US portfolio. Moreover, Espalier Global Management Llc has 2.41% invested in the company for 117,865 shares. The Michigan-based Managed Asset Portfolios Llc has invested 1.71% in the stock. Sterneck Capital Management Llc, a Missouri-based fund reported 124,020 shares.
PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 698.27 million GBP. The Company’s subsidiaries provide specialist consumer payment, and other services and products, transaction processing and settlement. It currently has negative earnings. It offers clients streamlined consumer payment processing and transaction routing in an integrated solution, through MultiPay.
According to Zacks Investment Research, “VeriFone Systems, Inc. offers secure electronic payment solutions. The company provides solutions and services to the financial, retail, hospitality, petroleum, transportation, government and healthcare vertical markets. VeriFone Systems, Inc., formerly known as VeriFone Holdings, Inc., is headquartered in San Jose, California.”
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