CAB Payments (LON:CABP) Earns House Stock Rating from Shore Capital

Shore Capital reiterated their house stock rating on shares of CAB Payments (LON:CABP - Free Report) in a report released on Wednesday,London Stock Exchange reports.

Separately, Canaccord Genuity Group decreased their target price on shares of CAB Payments from GBX 105 ($1.43) to GBX 99 ($1.34) and set a "speculative buy" rating for the company in a research note on Thursday, March 13th.

CAB Payments Stock Performance

LON CABP traded down GBX 3.30 ($0.04) during trading hours on Wednesday, hitting GBX 40.70 ($0.55). The company had a trading volume of 1,124,458 shares, compared to its average volume of 478,898. CAB Payments has a 1-year low of GBX 37.30 ($0.51) and a 1-year high of GBX 151.69 ($2.06). The company has a market cap of £103.39 million and a PE ratio of 5.33. The business has a 50 day moving average of GBX 44.23 and a 200-day moving average of GBX 55.15.

CAB Payments (LON:CABP - Get Free Report) last released its quarterly earnings data on Friday, March 14th. The company reported GBX 6 ($0.08) earnings per share (EPS) for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. Sell-side analysts expect that CAB Payments will post 14.556213 earnings per share for the current fiscal year.

Insider Activity at CAB Payments

In other news, insider Susanne Chishti acquired 57,890 shares of CAB Payments stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average price of GBX 41 ($0.56) per share, for a total transaction of £23,734.90 ($32,230.99). Also, insider James Hopkinson bought 214,000 shares of the company's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of GBX 48 ($0.65) per share, with a total value of £102,720 ($139,489.41). 64.28% of the stock is owned by insiders.

About CAB Payments

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.