On December 22, 2023, insider Rob Harding made a modest investment in PayPoint plc (LON:PAY), purchasing 27 shares at an average price of GBX 470 each. This acquisition amounted to a total expenditure of £126.90. This move reflects Harding’s continued confidence in the company, as he has engaged in several significant transactions in recent weeks.
Prior to this latest purchase, Harding acquired 24 shares on December 19, 2023, also at an average price of GBX 470, with a total cost of £112.80. On November 24, he bought 26 shares at a slightly higher average of GBX 482, resulting in a total investment of £125.32. Earlier, on November 21, Harding made a substantial purchase of 1,924 shares at an average cost of GBX 519, totaling £9,985.56. His earlier transaction on October 22 involved acquiring 17 shares at an average price of GBX 734, amounting to £124.78.
Current Stock Performance and Analyst Outlook
As of December 22, PayPoint shares opened at GBX 471. The company boasts a market capitalization of £297.53 million and a price-to-earnings ratio of 18.58. The stock has fluctuated within a 52-week range, hitting a low of GBX 438.35 and a high of GBX 870. Its recent financial metrics show a quick ratio of 0.65, a current ratio of 0.99, and a debt-to-equity ratio of 81.52. The 50-day moving average stands at GBX 576.48, while the 200-day moving average is GBX 686.54.
Analyst sentiment towards PayPoint remains positive. On November 20, Panmure Gordon reaffirmed a “buy” rating for the company’s shares, setting a price target of GBX 1,100. According to data from MarketBeat.com, PayPoint holds a consensus rating of “Buy” among analysts, with an average price target of GBX 1,100.
About PayPoint plc
PayPoint plc is a leading provider of payments and banking services, operating across the United Kingdom. The company is structured into two segments: PayPoint and Love2shop. The PayPoint segment supplies a variety of payment solutions to retailers, encompassing card payment services, leased payment devices, electronic point of sale (EPoS) systems, and ATM services. Additionally, it offers individual consumers bill payment services, cash top-ups, and digital payment options.
With its diverse service offerings, PayPoint remains a significant player in the evolving landscape of retail payments and e-commerce solutions. As the company continues to adapt to market conditions and consumer preferences, insider purchases such as Harding’s highlight ongoing confidence in its growth potential.
