PayPoint PLC (LON:PAY) Rating Reaffirmed
PayPoint PLC (LON:PAY) just had their share rating of a ‘Equal weight’ issued by research analysts at Barclays Capital, who now has a GBX 850.00 Estimated Target Price on the 643.15 million GBP market cap company or a -9.93% downside potential. This key information was announced to investors in an analyst research report on Friday morning.
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 6.10% above today’s (GBX 944.6) 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 12,219 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.
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 $45.62 million 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 643.15 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 16.47 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)