PayPoint’s (PAY) Buy Rating Reiterated at Panmure Gordon

Panmure Gordon reissued their buy rating on shares of PayPoint (LON:PAY) in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a GBX 1,100 price objective on the stock.

PayPoint Stock Performance

Shares of LON PAY opened at GBX 501 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.99 and a debt-to-equity ratio of 81.52. The firm’s 50-day moving average price is GBX 693.19 and its two-hundred day moving average price is GBX 725.19. PayPoint has a 52-week low of GBX 501 and a 52-week high of GBX 870. The stock has a market capitalization of £318.24 million, a P/E ratio of 17.58, a P/E/G ratio of 31.13 and a beta of 0.93.

PayPoint (LON:PAY) last posted its earnings results on Thursday, November 20th. The company reported GBX 29.25 EPS for the quarter. PayPoint had a return on equity of 30.78% and a net margin of 11.65%. As a group, sell-side analysts forecast that PayPoint will post 56.9500056 earnings per share for the current year.

Insider Buying and Selling at PayPoint

In related news, insider Lan Tu bought 4,569 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were bought at an average cost of GBX 543 per share, for a total transaction of £24,809.67. Also, insider Nick Wiles purchased 25,000 shares of PayPoint stock in a transaction dated Thursday, November 20th. The shares were purchased at an average cost of GBX 538 per share, with a total value of £134,500. Insiders acquired 29,603 shares of company stock worth $15,955,923 over the last ninety days. 2.31% of the stock is owned by corporate insiders.

PayPoint Company Profile

PayPoint plc engages in the provision of payments and banking, shopping, and e-commerce services and products in the United Kingdom. The company operates through two segments: PayPoint and Love2shop. The PayPoint segment provides card payment services to retailers, including leased payment devices; EPoS; ATM cash machines; SIM cards sales; receipt advertising; bill payment services and cash top-ups to individual consumers; parcel delivery and collection services; retailer service fees solutions; and digital payment services, as well as cash through to digital services.