CAB Payments Holdings Limited (LON:CABP - Get Free Report) traded up 18.9% during trading on Tuesday . The company traded as high as GBX 55 ($0.76) and last traded at GBX 54.70 ($0.75). 2,140,292 shares were traded during trading, an increase of 332% from the average session volume of 495,760 shares. The stock had previously closed at GBX 46 ($0.63).
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on CABP. Canaccord Genuity Group cut their target price on shares of CAB Payments from GBX 105 ($1.44) to GBX 99 ($1.36) and set a "speculative buy" rating for the company in a report on Thursday, March 13th. Shore Capital reissued a "house stock" rating on shares of CAB Payments in a research note on Wednesday, June 4th.
View Our Latest Analysis on CAB Payments
CAB Payments Stock Up 18.9%
The company has a 50 day simple moving average of GBX 44.10 and a two-hundred day simple moving average of GBX 51.67. The company has a market capitalization of £138.96 million and a P/E ratio of 7.16.
Insider Activity at CAB Payments
In related news, insider Susanne Chishti purchased 57,890 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were bought at an average price of GBX 41 ($0.56) per share, for a total transaction of £23,734.90 ($32,593.93). 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.
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