Reaffirmed: PayPoint (LON:PAY) “Buy” Rating Reaffirmed at Canaccord Genuity; GBX 1400 Target in Place


PayPoint (LON:PAY) Rating Reaffirmed

PayPoint (LON:PAY) just had their share rating of a ‘”Buy”‘ issued by research analysts at Canaccord Genuity, who now has a GBX 1400 target price per share on the 666.58M GBP market cap company or a 42.49% upside potential. This key information was disclosed in analysts note on 3 December.

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 1058.33 with a 2.33% above today’s (GBX 979) stock price. PayPoint PLC was the topic of 14 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. JP Morgan maintained shares on December 2 with “Neutral” rating. J.P. Morgan maintained shares with “Neutral” rating and GBX 933 target share price in a report from a November 26. Barclays Capital maintained PAY stock in a recent report from November 27 with “Equal Weight” rating. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a November 26.

Approximately 209,498 shares of stock traded hands or 302.42% up from the average. Paypoint plc (LON:PAY) has risen 25.95% since May 6, 2015 and is uptrending. It has outperformed by 26.24% the S&P500.

Reaffirmed: PayPoint (LON:PAY)

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 $46.75 million for 17.49 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 666.58 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 33.18 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).