Canaccord Genuity Reiterates Buy Rating for Paysafe Group Plc (PAYS)
Paysafe Group Plc (LON:PAYS)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a research report issued on Tuesday. They presently have a GBX 508 ($6.63) price objective on the stock. Canaccord Genuity’s price target would suggest a potential upside of 14.54% from the company’s previous close.
Other equities analysts have also issued research reports about the stock. Deutsche Bank AG boosted their price objective on shares of Paysafe Group Plc from GBX 500 ($6.53) to GBX 550 ($7.18) and gave the company a “buy” rating in a research report on Thursday, August 11th. Berenberg Bank reissued a “buy” rating and issued a GBX 477 ($6.23) price objective on shares of Paysafe Group Plc in a research report on Thursday, May 26th. Citigroup Inc. reissued a “buy” rating and issued a GBX 510 ($6.66) price objective on shares of Paysafe Group Plc in a research report on Thursday, May 26th. BNP Paribas reissued an “outperform” rating and issued a GBX 510 ($6.66) price objective on shares of Paysafe Group Plc in a research report on Monday, June 27th. Finally, Morgan Stanley boosted their price objective on shares of Paysafe Group Plc from GBX 500 ($6.53) to GBX 560 ($7.31) and gave the company an “overweight” rating in a research report on Friday, August 12th. Seven analysts have rated the stock with a buy rating, Paysafe Group Plc has a consensus rating of “Buy” and a consensus target price of GBX 528.57 ($6.90).
Paysafe Group Plc (LON:PAYS) opened at 445.60 on Tuesday. The firm has a 50-day moving average of GBX 420.97 and a 200 day moving average of GBX 400.05. Paysafe Group Plc has a 12 month low of GBX 279.75 and a 12 month high of GBX 454.00. The stock’s market cap is GBX 2.15 billion.
In related news, insider Dark,Andrew purchased 10,363 shares of the company’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was purchased at an average price of GBX 386 ($5.04) per share, with a total value of £40,001.18 ($52,214.05).
Paysafe Group Plc Company Profile
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.
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 Analyst Ratings Network's FREE daily email newsletter.