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CAB Payments (LON:CABP) Trading Up 18.9% - Should You Buy?

CAB Payments logo with Financial Services background

CAB Payments Holdings Limited (LON:CABP - Get Free Report) shares traded up 18.9% on Wednesday . The company traded as high as GBX 55 ($0.75) and last traded at GBX 54.70 ($0.75). 2,140,292 shares traded hands 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).

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Canaccord Genuity Group decreased their target price on shares of CAB Payments from GBX 105 ($1.43) to GBX 99 ($1.35) and set a "speculative buy" rating for the company in a research note on Thursday, March 13th. Shore Capital reiterated a "house stock" rating on shares of CAB Payments in a research note on Wednesday, June 4th.

View Our Latest Stock Analysis on CAB Payments

CAB Payments Trading Down 1.4%

The firm has a market capitalization of £128.80 million and a PE ratio of 6.64. The business's 50 day simple moving average is GBX 44.79 and its two-hundred day simple moving average is GBX 51.33.

Insiders Place Their Bets

In related news, insider Susanne Chishti bought 57,890 shares of the firm's stock in a transaction 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 ($32,384.91). Corporate 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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