PayPoint (LON:PAY) Reaches New 1-Year High at $670.00

PayPoint plc (LON:PAY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 670 ($8.47) and last traded at GBX 643 ($8.13), with a volume of 90550 shares traded. The stock had previously closed at GBX 636 ($8.04).

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 675 ($8.54) target price on shares of PayPoint in a research report on Wednesday, March 20th.

PayPoint Stock Down 1.3 %

The firm has a 50-day simple moving average of GBX 570.89 and a 200 day simple moving average of GBX 527.40. The stock has a market capitalization of £458.01 million, a P/E ratio of 1,483.72, a P/E/G ratio of 31.13 and a beta of 0.85. The company has a debt-to-equity ratio of 98.19, a current ratio of 0.85 and a quick ratio of 0.65.

PayPoint Increases Dividend

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