JPMorgan Chase & Co. Increases Paypoint (PAY) Price Target to GBX 1,226

Paypoint (LON:PAY) had its price objective upped by equities research analysts at JPMorgan Chase & Co. from GBX 1,183 ($15.46) to GBX 1,226 ($16.02) in a research report issued on Wednesday, ThisIsMoney.Co.Uk reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 21.15% from the company’s previous close.

Several other brokerages have also issued reports on PAY. Jefferies Financial Group restated a “buy” rating on shares of Paypoint in a report on Tuesday, April 9th. Liberum Capital restated a “buy” rating on shares of Paypoint in a report on Thursday, January 24th.

Shares of PAY opened at GBX 1,012 ($13.22) on Wednesday. The stock has a market capitalization of $688.78 million and a P/E ratio of 15.86. Paypoint has a 12-month low of GBX 739 ($9.66) and a 12-month high of GBX 1,076 ($14.06). The company has a debt-to-equity ratio of 13.14, a quick ratio of 0.93 and a current ratio of 0.96.

Paypoint Company Profile

PayPoint plc provides specialist consumer payment, transaction processing, settlement, and other services and products in the United Kingdom, Ireland, Romania, North America, and France. The company offers bill and general services, such as prepaid energy, bills, and cash out services; top-ups, including mobiles and prepaid debit card top-ups, eMoney vouchers, prepaid debit cards, and lottery tickets; and retail services comprising ATM, card payments, parcels, money transfer, SIMs, EPoS, broadband, and receipt advertising.

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