CAB Payments (LON:CABP) Trading 0.2% Higher - What's Next?

Key Points

• CAB Payments Holdings Limited's stock rose **0.2%** during trading on Wednesday, closing at GBX **50.10** ($0.68) after trading as high as GBX **50.60**.
• Shore Capital has given CAB Payments a "house stock" rating, supported by a current consensus rating of **"Buy"** and an average target price of GBX **99**.
• The company reported earnings per share (EPS) of GBX **0.90** for the last quarter, with a net margin of **12.21%** and a return on equity of **14.16%**.

Shares of CAB Payments Holdings Limited (LON:CABP - Get Free Report) rose 0.2% during trading on Wednesday . The company traded as high as GBX 50.60 ($0.68) and last traded at GBX 50.10 ($0.67). Approximately 1,049,667 shares changed hands during trading, an increase of 121% from the average daily volume of 475,339 shares. The stock had previously closed at GBX 50 ($0.67).

Analysts Set New Price Targets

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

CAB Payments Price Performance

The stock has a market cap of £127.19 million and a price-to-earnings ratio of 1,727.59. The firm's fifty day moving average price is GBX 49.94 and its two-hundred day moving average price is GBX 47.

CAB Payments (LON:CABP - Get Free Report) last announced its 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, equities research analysts anticipate that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current year.

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.