CAB Payments (LON:CABP - Free Report) had its price objective lowered by Canaccord Genuity Group from GBX 105 ($1.36) to GBX 99 ($1.29) in a report published on Thursday,Digital Look reports. The firm currently has a speculative buy rating on the stock.
CAB Payments Stock Performance
CAB Payments stock traded down GBX 0.30 ($0.00) on Thursday, reaching GBX 48.60 ($0.63). The company's stock had a trading volume of 221,404 shares, compared to its average volume of 601,892. CAB Payments has a twelve month low of GBX 45.17 ($0.59) and a twelve month high of GBX 166.20 ($2.16). The company has a market cap of £123.46 million and a price-to-earnings ratio of 6.36. The business's fifty day moving average price is GBX 58.20 and its 200 day moving average price is GBX 79.52.
CAB Payments (LON:CABP - Get Free Report) last issued its quarterly earnings data on Friday, March 14th. The company reported GBX 6 ($0.08) EPS for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. As a group, equities analysts forecast that CAB Payments will post 14.556213 earnings per share for the current year.
Insider Buying and Selling
In other news, insider James Hopkinson purchased 214,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of GBX 48 ($0.62) per share, for a total transaction of £102,720 ($133,419.92). 64.28% of the stock is currently owned by corporate insiders.
About CAB Payments
(
Get Free Report)
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.
Read More
Before you consider CAB Payments, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CAB Payments wasn't on the list.
While CAB Payments currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
