Published On: Thu, Sep 8th, 2016

Barclays PLC Reaffirms Overweight Rating for Paysafe Group Plc (PAYS)

Paysafe Group Plc (LON:PAYS)‘s stock had its “overweight” rating reissued by stock analysts at Barclays PLC in a research report issued on Wednesday. They currently have a GBX 560 ($7.46) price target on the stock. Barclays PLC‘s price objective would indicate a potential upside of 26.35% from the stock’s previous close.
PAYS has been the subject of a number of other research reports. Canaccord Genuity restated a “buy” rating and set a GBX 460 ($6.13) price target on shares of Paysafe Group Plc in a research note on Monday, May 23rd. Citigroup restated a “buy” rating and set a GBX 510 ($6.79) price target on shares of Paysafe Group Plc in a research note on Thursday, May 26th. Deutsche Bank AG restated a “buy” rating and set a GBX 500 ($6.66) price target on shares of Paysafe Group Plc in a research note on Thursday, May 26th. Berenberg Bank restated a “buy” rating and set a GBX 477 ($6.35) price target on shares of Paysafe Group Plc in a research note on Thursday, May 26th. Finally, BNP Paribas restated an “outperform” rating and set a GBX 510 ($6.79) price target on shares of Paysafe Group Plc in a research note on Thursday, May 26th. Seven investment analysts have rated the stock with a buy rating, Paysafe Group Plc currently has an average rating of “Buy” and an average target price of GBX 528.57 ($7.04).
In other news, insider Gelfand,Brahm bought 2,500 shares of Paysafe Group Plc stock in a transaction dated Thursday, June 16th. The stock was purchased at an average price of GBX 370 ($4.93) per share, for a total transaction of £9,250 ($12,320.19). Also, insider Dark,Andrew bought 10,363 shares of Paysafe Group Plc stock in a transaction dated Wednesday, June 22nd. The stock was purchased at an average price of GBX 386 ($5.14) per share, with a total value of £40,001.18 ($53,278.08).

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/07/barclays-plc-reaffirms-overweight-rating-for-paysafe-group-plc-pays.html

Paysafe Group Plc (LON:PAYS) traded up 0.82% during mid-day trading on Wednesday, hitting GBX 443.20. 3,072,108 shares of the stock were exchanged. The stock’s 50-day moving average is GBX 409.86 and its 200 day moving average is GBX 397.62. Paysafe Group Plc has a 52 week low of GBX 279.75 and a 52 week high of GBX 454.00. The company’s market capitalization is GBX 2.13 billion.
Paysafe Group plc (Paysafe), formerly Optimal Payments Plc, is a United Kingdom-based provider of digital payments and transaction-related solutions to businesses and consumers across the world. The Company’s segments are Digital Wallets, Payment Processing and Prepaid. The Company’s Digital Wallets segments’ fees are generated from transactions between members and merchants using the NETELLER service and Net+ prepaid cards, and the Skrill and Skrill prepaid cards.
To view Barclays PLC’s full report, visit Barclays PLC’s official website.

Receive News & Ratings for Paysafe Group Plc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Paysafe Group Plc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>