CAB Payments' (CABP) "House Stock" Rating Reiterated at Shore Capital

Key Points

• Shore Capital has reaffirmed its "house stock" rating for CAB Payments (LON:CABP), indicating continued confidence in the company's performance.
• CAB Payments reported earnings of GBX 0.90 per share for the last quarter, with analysts predicting an EPS of 14.56 for the current year.
• The stock has experienced a trading volume of 1,624,672 shares, significantly higher than its average volume of 478,846 shares.

CAB Payments (LON:CABP - Get Free Report)'s stock had its "house stock" rating reissued by equities researchers at Shore Capital in a report issued on Thursday, MarketBeat reports.

CAB Payments Stock Up 0.9%

LON CABP traded up GBX 0.50 on Thursday, reaching GBX 53.50. The company had a trading volume of 1,311,372 shares, compared to its average volume of 488,956. The stock's 50 day moving average is GBX 47.16 and its 200-day moving average is GBX 47.76. The stock has a market cap of £135.91 million and a price-to-earnings ratio of 7.01. CAB Payments has a 52 week low of GBX 37.30 and a 52 week high of GBX 132.80.

CAB Payments (LON:CABP - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported GBX 0.90 EPS for the quarter. CAB Payments had a return on equity of 14.16% and a net margin of 12.21%. As a group, analysts forecast that CAB Payments will post 14.556213 EPS for the current year.

About CAB Payments

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.