Key Researchers at JP Morgan Cazenove Reiterate their ‘Neutral’ rating for PayPoint PLC (LON:PAY) Shares Today. Their Price Objective Given is GBX 933.00

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PayPoint PLC (LON:PAY) Rating Reaffirmed

In an analyst note revealed to investors on Friday, 27 November, The Neutral rating of PayPoint PLC (LON:PAY) shares was has restated at JP Morgan Cazenove, who now has a GBX 933.00 target on the stock. JP Morgan Cazenove’s target may mean a possible downside of -0.60% from the last close price of the company.

From a total of 6 analysts covering PayPoint PLC (LON:PAY) stock, 1 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 17% of the ratings are positive. The highest target price is GBX 1400 while the lowest target price is GBX 850. The mean of all analyst targets is GBX 1002.20 with a 6.78% above today’s (GBX 938.6) stock price. PayPoint PLC was the topic of 11 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on November 27 with “Neutral” rating. Canaccord Genuity maintained PAY stock in a recent report from November 26 with “Buy” rating. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on an October 12.

Approximately 1,774 shares of stock traded hands. Paypoint plc (LON:PAY) has risen 8.51% since April 30, 2015 and is uptrending. It has outperformed by 9.87% the S&P500.

Key Researchers at JP Morgan Cazenove Reiterate their ‘Neutral’ rating for PayPoint PLC (LON:PAY) Shares Today. Their Price Objective Given is GBX 933.00

Analysts await VeriFone Systems Inc (NYSE:PAY) to reports earnings on December, 21. They expect $0.40 earnings per share, up 11.11% or $0.04 from last year’s $0.36 per share. PAY’s profit will be $45.62M for 17.98 P/E if the $0.40 EPS becomes reality. After $0.38 actual earnings per share reported by VeriFone Systems Inc for the previous quarter, Wall Street now forecasts 5.26% EPS growth.

PayPoint plc is a United Kingdom-based holding company. The company has a market cap of 639.07 million GBP. Through its subsidiaries, the Company is engaged in providing clients with specialist consumer payment and other services and products, transaction processing and settlement. It has 16.36 P/E ratio. It offers payments for everyone from consumer and financial services companies to retailers, utilities, media, gaming and government clients.

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.” Get a free copy of the Zacks research report on Paypoint plc (PAY)

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