CAB Payments' (CABP) "House Stock" Rating Reaffirmed at Shore Capital

Key Points

• Shore Capital has reissued its "house stock" rating for CAB Payments in its latest research note.
• The stock opened at GBX 46.80, with a market cap of £118.89 million and a price-to-earnings ratio of 6.13.
• CAB Payments specializes in cross-border payments and foreign exchange, focusing on challenging markets and serving as the holding company for Crown Agents Bank.

Shore Capital reissued their house stock rating on shares of CAB Payments (LON:CABP - Free Report) in a report issued on Tuesday morning, MarketBeat Ratings reports.

CAB Payments Stock Up 1.5%

Shares of LON:CABP traded up GBX 0.70 ($0.01) on Tuesday, reaching GBX 46.80 ($0.63). 597,136 shares of the company's stock were exchanged, compared to its average volume of 468,808. The business's 50-day moving average is GBX 45.92 and its two-hundred day moving average is GBX 48.58. CAB Payments has a fifty-two week low of GBX 37.30 ($0.50) and a fifty-two week high of GBX 132.80 ($1.79). The firm has a market capitalization of £118.89 million and a price-to-earnings ratio of 6.13.

CAB Payments Company Profile

CAB Payments Holdings plc and its subsidiaries (CAB Payments) is a market leader in business-to-business cross-border payments and foreign exchange, specialising in hard-to-reach markets. CAB Payments uses its strength of network, technology, and expertise to seamlessly move money where it's needed and is the holding company for Crown Agents Bank, a UK-regulated bank.