Insider Buying: PayPoint (LON:PAY) Insider Acquires 23 Shares of Stock

PayPoint plc (LON:PAY) insider Rob Harding purchased 23 shares of the business’s stock in a transaction on Monday, February 23rd. The shares were bought at an average price of GBX 557 per share, for a total transaction of £128.11.

Rob Harding also recently made the following trade(s):

• On Thursday, January 22nd, Rob Harding acquired 24 shares of PayPoint stock. The stock was purchased at an average cost of GBX 506 per share, with a total value of £121.44.
• On Monday, December 22nd, Rob Harding purchased 27 shares of PayPoint stock. The stock was acquired at an average price of GBX 470 per share, with a total value of £126.90.
• On Friday, December 19th, Rob Harding acquired 24 shares of PayPoint stock. The stock was acquired at an average price of GBX 470 per share, for a total transaction of £112.80.

PayPoint Price Performance

PayPoint stock traded up GBX 21.36 during mid-day trading on Tuesday, reaching GBX 576.36. The company had a trading volume of 280,950 shares, compared to its average volume of 570,554. The stock’s 50-day simple moving average is GBX 505.61 and its 200-day simple moving average is GBX 604.52. PayPoint plc has a 1 year low of GBX 438.35 and a 1 year high of GBX 870. The company has a debt-to-equity ratio of 81.52, a current ratio of 0.99 and a quick ratio of 0.65. The company has a market capitalization of £357.79 million, a P/E ratio of 22.74, a P/E/G ratio of 31.13 and a beta of 0.93.

Analyst Upgrades and Downgrades

Separately, Panmure Gordon reiterated a “buy” rating and issued a GBX 1,100 target price on shares of PayPoint in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, PayPoint has an average rating of “Buy” and a consensus target price of GBX 1,100.

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.