CAB Payments (LON:CABP) Trading Up 2.1% - What's Next?

CAB Payments Holdings Limited (LON:CABP - Get Free Report)'s stock price traded up 2.1% during trading on Tuesday . The stock traded as high as GBX 48 ($0.64) and last traded at GBX 48 ($0.64). 203,783 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 483,379 shares. The stock had previously closed at GBX 47 ($0.62).

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Shore Capital reaffirmed a "house stock" rating on shares of CAB Payments in a report on Tuesday, April 15th. Canaccord Genuity Group cut their price target on CAB Payments from GBX 105 ($1.40) to GBX 99 ($1.32) and set a "speculative buy" rating for the company in a report on Thursday, March 13th.

CAB Payments Price Performance

The firm has a 50 day simple moving average of GBX 46.40 and a 200-day simple moving average of GBX 61.25. The company has a market cap of £138.45 million and a price-to-earnings ratio of 7.14.

CAB Payments (LON:CABP - Get Free Report) last posted its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) earnings per share (EPS) for the quarter. CAB Payments had a return on equity of 14.16% and a net margin of 12.21%. Research analysts anticipate that CAB Payments Holdings Limited will post 14.556213 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider James Hopkinson acquired 214,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of GBX 48 ($0.64) per share, with a total value of £102,720 ($136,486.85). Also, insider Susanne Chishti acquired 57,890 shares of the company's stock in a transaction dated Wednesday, April 23rd. The stock was purchased at an average cost of GBX 41 ($0.54) per share, with a total value of £23,734.90 ($31,537.20). 64.28% of the stock is owned by 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.