Analysts at JP Morgan Cazenove Reconfirmed their Past ‘Neutral’ rating on Shares PayPoint PLC (LON:PAY), Set a GBX 933.00 Price Objective


PayPoint PLC (LON:PAY) Rating Reaffirmed

PayPoint PLC (LON:PAY) just had their share rating of a ‘Neutral’ issued by research analysts at JP Morgan Cazenove, who now has a GBX 933.00 TP on the 653.89M GBP market cap company or a -3.81% downside potential. This key information was disclosed to clients in a recent report on Wednesday, 2 December.

From a total of 7 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 1047.86 with a 3.28% above today’s (GBX 970) 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 1.41% or GBX 13.5 on December 1, striking GBX 970. Approximately 39,566 shares of stock traded hands. Paypoint plc (LON:PAY) has risen 14.93% since May 5, 2015 and is uptrending. It has outperformed by 16.55% the S&P500.

Analysts at JP Morgan Cazenove Reconfirmed their Past ‘Neutral’ rating on Shares PayPoint PLC (LON:PAY), Set a GBX 933.00 Price Objective

Analysts await VeriFone Systems Inc (NYSE:PAY) to reports earnings on December, 21. They expect $0.40 EPS, up 11.11% or $0.04 from last year’s $0.36 per share. PAY’s profit will be $46.47M for 17.81 P/E if the $0.40 EPS becomes reality. After $0.38 actual EPS 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 653.89 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 16.91 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)