Today, JPMorgan Chase & Co. Raises Paypoint plc (PAY) Price Target to GBX 1,051

Today, JPMorgan Chase & Co. Raises Paypoint plc (PAY) Price Target to GBX 1,051
Paypoint plc (LON:PAY) had its price target lifted by equities researchers at JPMorgan Chase & Co. from GBX 877 ($10.96) to GBX 1,051 ($13.13) in a report released on Friday. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 1.06% from the stock’s previous close.

A number of other equities research analysts have also weighed in on the stock. Barclays PLC reiterated an “equal weight” rating and set a GBX 1,030 ($12.87) target price on shares of Paypoint plc in a research note on Friday. Numis Securities Ltd boosted their target price on shares of Paypoint plc from GBX 879 ($10.98) to GBX 950 ($11.87) and gave the company a “hold” rating in a research note on Thursday. Canaccord Genuity boosted their target price on shares of Paypoint plc from GBX 1,063 ($13.28) to GBX 1,162 ($14.52) and gave the company a “buy” rating in a research note on Thursday. Liberum Capital reiterated a “buy” rating and set a GBX 1,100 ($13.74) target price on shares of Paypoint plc in a research note on Friday, September 30th. Finally, Jefferies Group reiterated a “buy” rating and set a GBX 1,250 ($15.62) target price on shares of Paypoint plc in a research note on Thursday, September 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 1,068 ($13.34).

Shares of Paypoint plc (LON:PAY) opened at 1034.00 on Friday. The company has a 50 day moving average price of GBX 1,076.46 and a 200-day moving average price of GBX 992.45. Paypoint plc has a 12 month low of GBX 700.00 and a 12 month high of GBX 1,176.51. The stock’s market cap is GBX 704.07 million.

The firm also recently disclosed a dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a dividend of GBX 27.20 ($0.34) per share. This represents a dividend yield of 2.62%. The ex-dividend date is Thursday, December 1st.

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