Shore Capital Reaffirms House Stock Rating for CAB Payments (LON:CABP)

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 research analysts at Shore Capital in a report released on Thursday,London Stock Exchange reports.

CAB Payments Price Performance

Shares of CAB Payments stock traded down GBX 1.90 ($0.03) on Thursday, hitting GBX 47.95 ($0.65). The company had a trading volume of 1,624,672 shares, compared to its average volume of 478,846. The firm has a market capitalization of £121.81 million and a P/E ratio of 6.28. The stock has a 50-day moving average of GBX 46.35 and a 200-day moving average of GBX 48.13. CAB Payments has a twelve month low of GBX 37.30 ($0.51) and a twelve month high of GBX 132.80 ($1.80).

CAB Payments (LON:CABP - Get Free Report) last posted its quarterly earnings results on Thursday, August 14th. The company reported GBX 0.90 ($0.01) earnings per share for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. Equities analysts predict 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.

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