PayPoint plc (LON:PAY – Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 508.57 ($6.39) and traded as high as GBX 537.17 ($6.75). PayPoint shares last traded at GBX 532 ($6.68), with a volume of 63,760 shares changing hands.
Analyst Ratings Changes
Separately, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 675 ($8.48) target price on shares of PayPoint in a research note on Wednesday, March 20th.
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PayPoint Stock Performance
PayPoint Increases Dividend
The company also recently announced a dividend, which was paid on Tuesday, March 5th. Investors of record on Thursday, February 1st were issued a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.79%. This is a boost from PayPoint’s previous dividend of $9.30. The ex-dividend date of this dividend was Thursday, February 1st. PayPoint’s dividend payout ratio (DPR) is 8,837.21%.
About PayPoint
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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