Paypoint plc (LON:PAY) had its target price trimmed by Numis Securities Ltd from GBX 895 ($12.75) to GBX 879 ($12.52) in a research report sent to investors on Thursday, Market Beat.com reports. The firm currently has a hold rating on the stock.

Paypoint plc (LON:PAY) traded up 0.19% during midday trading on Thursday, reaching GBX 790.00. The company’s stock had a trading volume of 38,734 shares. The stock’s market capitalization is GBX 537.56 million. The firm has a 50-day moving average price of GBX 895.21 and a 200 day moving average price of GBX 976.16. Paypoint plc has a 52-week low of GBX 771.50 and a 52-week high of GBX 1,112.15.

Several other equities research analysts have also recently weighed in on PAY. Canaccord Genuity restated a buy rating and set a GBX 1,400 ($19.95) price target on shares of Paypoint plc in a research note on Wednesday, October 28th. Jefferies Group cut their price target on shares of Paypoint plc from GBX 1,330 ($18.95) to GBX 1,100 ($15.67) and set a buy rating for the company in a research note on Friday, January 22nd. Liberum Capital restated a buy rating and set a GBX 1,000 ($14.25) price target on shares of Paypoint plc in a research note on Friday, January 15th. JP Morgan Asian Investment Trust Plc cut their price target on shares of Paypoint plc from GBX 985 ($14.03) to GBX 933 ($13.29) and set a neutral rating for the company in a research note on Saturday, November 28th. Finally, JPMorgan Chase & Co. restated a neutral rating and set a GBX 933 ($13.29) price target on shares of Paypoint plc in a research note on Wednesday, December 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of GBX 948.29 ($13.51).

PayPoint plc is a United Kingdom-based holding company. Through its subsidiaries, the Company is engaged in providing clients with specialist consumer payment and other services and products, transaction processing and settlement. It offers payments for everyone from consumer and financial services companies to retailers, utilities, media, gaming and government clients. It operates branded retail networks across the United Kingdom, Ireland and Romania. In the United Kingdom, THE Company’s network already includes terminals in over 26,700 local shops, including Co-op, Spar, McColls, Costcutter, Sainsbury’s Local, Tesco Express, One Stop, Asda, Londis and other independent outlets. The Company’s Collect+ joint venture with Yodel offers parcel drop-off and pickup services in 5,600 convenience stores in the United Kingdom. It has over 8,350 terminals in local shops across the Romania, which helps people make cash bill payments, money transfers, road tax payments and mobile phone top-ups.

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