CAB Payments Holdings Limited (LON:CABP - Get Free Report) was 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). Approximately 2,140,292 shares traded hands during trading, an increase of 332% from the average daily volume of 495,760 shares. The stock had previously closed at GBX 46 ($0.63).
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on CABP. Shore Capital restated a "house stock" rating on shares of CAB Payments in a research note on Wednesday, June 4th. Canaccord Genuity Group decreased their price objective on shares of CAB Payments from GBX 105 ($1.43) to GBX 99 ($1.35) and set a "speculative buy" rating on the stock in a report on Thursday, March 13th.
View Our Latest Stock Analysis on CAB Payments
CAB Payments Price Performance
The stock has a market capitalization of £127.27 million and a price-to-earnings ratio of 6.56. The company's 50-day simple moving average is GBX 44.66 and its 200-day simple moving average is GBX 51.57.
Insider Buying and Selling at CAB Payments
In other news, insider Susanne Chishti purchased 57,890 shares of CAB Payments stock in a transaction that occurred on Wednesday, April 23rd. The stock was acquired at an average cost of GBX 41 ($0.56) per share, for a total transaction of £23,734.90 ($32,402.59). Company insiders own 64.28% of the company's stock.
CAB Payments Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider CAB Payments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CAB Payments wasn't on the list.
While CAB Payments currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.