CAB Payments (LON:CABP) Trading 16.3% Higher - What's Next?

CAB Payments Holdings Limited (LON:CABP - Get Free Report) shares shot up 16.3% on Tuesday . The company traded as high as GBX 54.80 ($0.75) and last traded at GBX 53.50 ($0.73). 1,945,006 shares changed hands during trading, an increase of 294% from the average session volume of 494,198 shares. The stock had previously closed at GBX 46 ($0.63).

Analyst Ratings Changes

Several brokerages have recently weighed in on CABP. Canaccord Genuity Group dropped 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 research report on Thursday, March 13th. Shore Capital reiterated a "house stock" rating on shares of CAB Payments in a research note on Wednesday, June 4th.

CAB Payments Trading Down 5.7%

The company has a market capitalization of £131.08 million and a P/E ratio of 6.76. The stock has a 50 day moving average price of GBX 44.36 and a 200 day moving average price of GBX 51.69.

Insider Transactions at CAB Payments

In related news, insider Susanne Chishti bought 57,890 shares of the 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, with a total value of £23,734.90 ($32,411.44). 64.28% of the stock is currently owned by company 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.