CAB Payments (LON:CABP) Trading 18.9% Higher - Still a Buy?

Shares of CAB Payments Holdings Limited (LON:CABP - Get Free Report) traded up 18.9% during trading on Tuesday . The stock traded as high as GBX 55 ($0.75) and last traded at GBX 54.70 ($0.75). 2,140,292 shares traded hands during mid-day trading, an increase of 332% from the average session volume of 495,760 shares. The stock had previously closed at GBX 46 ($0.63).

Analysts Set New Price Targets

CABP has been the topic of several recent analyst reports. Canaccord Genuity Group reduced their target price on CAB Payments from GBX 105 ($1.43) to GBX 99 ($1.35) and set a "speculative buy" rating on the stock in a research report on Thursday, March 13th. Shore Capital reiterated a "house stock" rating on shares of CAB Payments in a report on Wednesday, June 4th.

CAB Payments Price Performance

The stock has a 50-day simple moving average of GBX 44.66 and a 200-day simple moving average of GBX 51.57. The stock has a market cap of £127.27 million and a PE ratio of 6.56.

Insider Activity

In other CAB Payments news, insider Susanne Chishti purchased 57,890 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The stock was purchased at an average cost of GBX 41 ($0.56) per share, with a total value of £23,734.90 ($32,402.59). 64.28% of the stock is owned by insiders.

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.