Macquarie Downgrades Paysafe Group Plc (OPAY) to Neutral

Paysafe Group Plc (LON:OPAY) was downgraded by equities researchers at Macquarie to a “neutral” rating in a report issued on Wednesday, April 19th, StockTargetPrices.com reports. They presently have a GBX 480 ($6.20) price objective on the stock. Macquarie’s price target would suggest a potential upside of 24.22% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. Barclays PLC reissued an “overweight” rating and issued a GBX 610 ($7.87) target price on shares of Paysafe Group Plc in a research report on Tuesday, April 11th. BNP Paribas reissued an “outperform” rating and issued a GBX 515 ($6.65) target price on shares of Paysafe Group Plc in a research report on Wednesday, March 8th. Berenberg Bank reissued a “buy” rating and issued a GBX 592 ($7.64) target price on shares of Paysafe Group Plc in a research report on Thursday, February 9th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Paysafe Group Plc in a research report on Friday, January 27th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 540.63 ($6.98).

Analyst Recommendations for Paysafe Group Plc (LON:OPAY)

Paysafe Group Plc (LON:OPAY) traded up 1.47% on Wednesday, hitting GBX 386.40. The company’s stock had a trading volume of 2,032,505 shares. Paysafe Group Plc has a 12 month low of GBX 215.00 and a 12 month high of GBX 439.50.

COPYRIGHT VIOLATION NOTICE: “Macquarie Downgrades Paysafe Group Plc (OPAY) to Neutral” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright law. The original version of this story can be read at https://www.themarketsdaily.com/2017/05/20/paysafe-group-plc-opay-stock-rating-lowered-by-macquarie-updated-updated-updated.html.

About Paysafe Group Plc

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.

12 Month Chart for LON:OPAY

Stock Target Prices

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 Reply