Rob Harding, an insider at PayPoint plc, acquired 27 shares of the company on December 22, 2023, in a transaction valued at £126.90. The shares were purchased at an average price of GBX 470 each. This acquisition reflects Harding’s ongoing investment in the company, following several other recent purchases.
On December 19, 2023, Harding acquired an additional 24 shares of PayPoint stock for £112.80, also at an average price of GBX 470 per share. Earlier in November, he made multiple transactions, including the purchase of 26 shares on November 24 for £125.32, with an average cost of GBX 482 per share. A significant buy occurred on November 21, when Harding purchased 1,924 shares at an average price of GBX 519, totaling £9,985.56. Additionally, on October 22, he bought 17 shares at an average price of GBX 734, amounting to £124.78.
PayPoint Stock Performance and Market Outlook
As of December 22, shares of PayPoint opened at GBX 471. The company’s market capitalization stands at approximately £297.53 million. PayPoint’s stock has a price-to-earnings ratio of 18.58 and a price-to-earnings-growth ratio of 31.13. With a beta of 0.93, the stock’s volatility is relatively low compared to the market average. Over the past year, PayPoint has seen a low of GBX 438.35 and a high of GBX 870.
Analysts have recently expressed a positive outlook for PayPoint. Panmure Gordon reaffirmed a “buy” rating and set a price target of GBX 1,100 in a report dated November 20. According to data from MarketBeat.com, the consensus rating for PayPoint is “Buy,” with an average price target of GBX 1,100, suggesting that analysts expect significant upside potential for the stock.
Company Overview
PayPoint plc is a prominent provider of payments and banking, shopping, and e-commerce services in the United Kingdom. The company operates primarily through two segments: PayPoint and Love2shop. The PayPoint segment offers a range of services, including card payment solutions for retailers, electronic point of sale (EPoS) systems, ATM cash machines, and digital payment services.
This data indicates a commitment from insiders like Rob Harding, suggesting confidence in the company’s future performance and a strategic approach to capitalizing on market opportunities. Investors and analysts will be watching closely for further developments as PayPoint continues to navigate the evolving financial landscape.
