CAB Payments Holdings Limited (LON:CABP - Get Free Report) rose 8.5% during mid-day trading on Wednesday . The company traded as high as GBX 58.35 ($0.75) and last traded at GBX 57.30 ($0.74). Approximately 534,968 shares traded hands during trading, a decline of 10% from the average daily volume of 596,131 shares. The stock had previously closed at GBX 52.80 ($0.68).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group restated a "speculative buy" rating and issued a GBX 105 ($1.36) target price on shares of CAB Payments in a report on Thursday, January 16th.
View Our Latest Stock Report on CAB Payments
CAB Payments Price Performance
The business's fifty day moving average is GBX 60.35 and its 200-day moving average is GBX 82.42. The stock has a market capitalization of £140.74 million and a PE ratio of 7.26.
About CAB Payments
(
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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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