CAB Payments (LON:CABP) Stock Price Down 1.6% - What's Next?

Key Points

• CAB Payments' shares dropped 1.6% to GBX 54.30, with a significant decrease in trading volume of 38% compared to the average.
• Analysts maintain a "Buy" rating for CAB Payments, with an average target price of GBX 99 despite the recent stock decline.
• The company reported earnings per share of GBX 0.90 for the last quarter and has a market cap of £137.74 million with a P/E ratio of 7.10.

CAB Payments Holdings Limited (LON:CABP - Get Free Report) dropped 1.6% during mid-day trading on Tuesday . The stock traded as low as GBX 54.30 ($0.73) and last traded at GBX 54.30 ($0.73). Approximately 299,744 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 482,147 shares. The stock had previously closed at GBX 55.20 ($0.75).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of CAB Payments in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, According to MarketBeat, CAB Payments has a consensus rating of "Buy" and an average target price of GBX 99.

CAB Payments Stock Down 2.3%

The stock has a market capitalization of £129.47 million and a PE ratio of 850.00. The firm's fifty day moving average is GBX 49.17 and its 200-day moving average is GBX 47.40.

CAB Payments (LON:CABP - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported GBX 0.90 earnings per share (EPS) for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. On average, analysts expect that CAB Payments Holdings Limited will post 14.556213 EPS for the current year.

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.