PayPoint PLC (LON:PAY) Stock Upgrade
In an analyst note disseminated on Friday morning, Liberum Capital raised the shares of PayPoint PLC (LON:PAY) to a respectable Buy rating. They currently have a GBX 1000.00 PT on the stock. This PT would indicate a possible upside of 5.90% from the price per share of PayPoint PLC (LON:PAY) shares.
From a total of 6 analysts covering PayPoint PLC (LON:PAY) stock, 2 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 33% 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 1001.83 with a 6.01% above today’s (GBX 945) stock price. PayPoint PLC was the topic of 13 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Liberum Capital upgraded shares on November 27 to “Buy” rating. J.P. Morgan maintained shares with “Neutral” rating and GBX 933 target share price in a report from a November 26. JP Morgan maintained PAY stock in a recent report from November 27 with “Neutral” rating. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a November 26.
The stock increased 2.22% or GBX 20.5 on November 27, striking GBX 945. Approximately 187,293 shares of stock traded hands or 430.80% up from the average. Paypoint plc (LON:PAY) has risen 10.76% since May 1, 2015 and is uptrending. It has outperformed by 11.65% 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 $45.99 million for 17.99 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 643.43 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)