CAB Payments (LON:CABP) Given "House Stock" Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of CAB Payments (LON:CABP - Free Report) in a report published on Tuesday, MarketBeat Ratings reports.

Separately, Canaccord Genuity Group decreased their price objective on shares of CAB Payments from GBX 105 ($1.40) to GBX 99 ($1.32) and set a "speculative buy" rating for the company in a research report on Thursday, March 13th.

CAB Payments Stock Down 2.2 %

Shares of CABP stock traded down GBX 1 ($0.01) during mid-day trading on Tuesday, reaching GBX 44 ($0.59). 143,971 shares of the stock traded hands, compared to its average volume of 516,866. The stock's fifty day simple moving average is GBX 48.59 and its two-hundred day simple moving average is GBX 69.24. The company has a market cap of £111.78 million and a price-to-earnings ratio of 5.76. CAB Payments has a 1-year low of GBX 37.30 ($0.50) and a 1-year high of GBX 166.20 ($2.21).

CAB Payments (LON:CABP - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) 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 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 firm's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average price of GBX 48 ($0.64) per share, for a total transaction of £102,720 ($136,577.58). 64.28% of the stock is currently owned by corporate 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.