Rob Harding, an insider at PayPoint plc, has increased his investment in the company by purchasing additional shares. On December 22, 2023, Harding acquired 27 shares at an average price of GBX 470 each, totaling £126.90. This move highlights Harding’s confidence in PayPoint’s market potential.
This recent transaction follows several others made by Harding in the preceding weeks. On December 19, he purchased 24 shares at the same average price of GBX 470, amounting to £112.80. Earlier, on November 24, he acquired 26 shares at an average cost of GBX 482, with a total value of £125.32. Notably, on November 21, he made a significant buy of 1,924 shares at an average price of GBX 519, resulting in a transaction worth £9,985.56. His earlier purchase on October 22 included 17 shares at an average price of GBX 734, totaling £124.78.
Current Stock Performance
As of December 22, 2023, shares of PayPoint opened at GBX 471. The company boasts a market capitalization of £297.53 million, a price-to-earnings ratio of 18.58, and a price-to-earnings-growth ratio of 31.13. PayPoint’s stock has demonstrated volatility, with a 52-week low of GBX 438.35 and a high of GBX 870. The stock’s performance is further characterized by a quick ratio of 0.65, a current ratio of 0.99, and a debt-to-equity ratio of 81.52. Over recent trading periods, the stock has shown an average price of GBX 576.48 over the past 50 days and GBX 686.54 over the last 200 days.
In addition, analysts have expressed positive sentiments regarding PayPoint’s prospects. Panmure Gordon recently reaffirmed a “buy” rating and set a price target of GBX 1,100 in a report dated November 20. Currently, one equity research analyst rates the stock as a Buy. According to data from MarketBeat.com, PayPoint holds a consensus rating of “Buy” with an average price target of GBX 1,100.
About PayPoint plc
PayPoint plc operates within the payments and banking sector, offering a range of shopping and e-commerce services in the United Kingdom. The company is structured into two segments: PayPoint and Love2shop. The PayPoint segment provides various payment services to retailers, including leased payment devices, electronic point of sale (EPoS) systems, ATM cash machines, and digital payment solutions. Additionally, it offers services such as bill payments, cash top-ups, and parcel collection, catering to both individual consumers and businesses.
In light of Harding’s continued investment and positive analyst ratings, PayPoint plc appears poised for potential growth in the competitive landscape of financial and e-commerce services.
