Shares of PayPoint plc (LON:PAY) reached a new 52-week low during trading on November 20, 2023. The stock fell to GBX 451.50 before closing at GBX 452.50, reflecting a trading volume of 460,190 shares. This decline follows a previous closing price of GBX 465.
Analyst Ratings and Earnings Reports
Despite the drop in share price, analysts have issued mixed ratings for PayPoint. In a research note released on November 20, Panmure Gordon reaffirmed a “buy” rating for the stock, setting a target price of GBX 1,100. According to data from MarketBeat.com, the consensus rating for PayPoint is also a “buy,” with an average target price matching that of Panmure Gordon.
On the same day, PayPoint announced its quarterly earnings results, reporting earnings per share (EPS) of GBX 29.25. The company demonstrated a return on equity of 30.78% and a net margin of 11.65%. Sell-side analysts anticipate that PayPoint will achieve an EPS of approximately 56.95 for the current fiscal year.
Insider Activity and Market Outlook
There has been notable insider activity amid the fluctuating stock price. On November 20, Nick Wiles, an insider, purchased 25,000 shares at an average cost of GBX 538 per share, amounting to a total investment of £134,500. Another insider, Rob Harding, acquired 1,924 shares on November 21 at an average price of GBX 519, resulting in a transaction valued at £9,985.56. Over the past three months, insiders have purchased a total of 31,579 shares, valued at approximately $16,979,543. Currently, corporate insiders own 2.31% of PayPoint’s stock.
PayPoint plc operates within the United Kingdom, offering various payment and banking services, as well as e-commerce solutions. The company’s operations are divided into two segments: PayPoint and Love2shop. The PayPoint segment focuses on providing card payment services, electronic point of sale (EPoS) systems, ATM services, and digital payment options. Additionally, it offers solutions for bill payments and cash top-ups.
As PayPoint navigates this challenging market environment, investors will be keenly observing both insider activities and analyst recommendations as potential indicators of future performance.
