PayPoint (LON:PAY) Hits New 12-Month High at $648.00

PayPoint plc (LON:PAYGet Free Report) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 648 ($8.23) and last traded at GBX 630 ($8.01), with a volume of 105345 shares changing hands. The stock had previously closed at GBX 626 ($7.95).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 675 ($8.58) price objective on shares of PayPoint in a research note on Wednesday, March 20th.

Read Our Latest Analysis on PayPoint

PayPoint Price Performance

The company has a debt-to-equity ratio of 98.19, a current ratio of 0.85 and a quick ratio of 0.65. The company has a market cap of £458.01 million, a price-to-earnings ratio of 1,455.96, a P/E/G ratio of 31.13 and a beta of 0.85. The company’s 50-day simple moving average is GBX 542.01 and its 200-day simple moving average is GBX 515.33.

PayPoint Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 27th. Shareholders of record on Thursday, August 29th will be issued a dividend of GBX 9.60 ($0.12) per share. This represents a dividend yield of 1.69%. This is a boost from PayPoint’s previous dividend of $9.50. The ex-dividend date of this dividend is Thursday, August 29th. PayPoint’s dividend payout ratio is 8,837.21%.

PayPoint Company Profile

(Get Free Report)

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.

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