CAB Payments (LON:CABP - Get Free Report)'s stock had its "speculative buy" rating reiterated by analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They currently have a GBX 105 ($1.28) target price on the stock. Canaccord Genuity Group's price target indicates a potential upside of 61.54% from the stock's previous close.
Separately, Shore Capital restated a "buy" rating on shares of CAB Payments in a research report on Thursday, November 7th.
View Our Latest Report on CABP
CAB Payments Price Performance
Shares of CABP remained flat at GBX 65 ($0.79) during mid-day trading on Thursday. The stock had a trading volume of 316,618 shares, compared to its average volume of 935,961. The stock has a 50 day simple moving average of GBX 68.31 and a 200 day simple moving average of GBX 95.44. CAB Payments has a 52 week low of GBX 60 ($0.73) and a 52 week high of GBX 166.20 ($2.02). The company has a market capitalization of £165.01 million and a PE ratio of 812.50.
Insider Buying and Selling at CAB Payments
In other news, insider Susanne Chishti purchased 96,866 shares of the business's stock in a transaction on Friday, November 15th. The shares were acquired at an average price of GBX 72 ($0.88) per share, for a total transaction of £69,743.52 ($84,856.45). Also, insider Ann Cairns acquired 400,000 shares of the firm's stock in a transaction dated Tuesday, November 12th. The shares were purchased at an average price of GBX 73 ($0.89) per share, with a total value of £292,000 ($355,274.36). Insiders own 64.28% of the company's stock.
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.
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