CAB Payments (LON:CABP) Trading 0.2% Higher – Here’s Why

CAB Payments Holdings Limited (LON:CABP)’s stock price rose 0.2% during trading on Wednesday . The company traded as high as GBX 50.60 ($0.69) and last traded at GBX 50.10 ($0.68). Approximately 1,049,667 shares traded hands during trading, an increase of 121% from the average daily volume of 475,339 shares. The stock had previously closed at GBX 50 ($0.68).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of CAB Payments in a research note on Thursday, August 14th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of GBX 99.

CAB Payments Trading Up 0.2%

The firm’s 50 day simple moving average is GBX 49.94 and its 200-day simple moving average is GBX 47.17. The stock has a market capitalization of £127.19 million and a price-to-earnings ratio of 1,727.59.

CAB Payments (LON:CABP) last issued its quarterly earnings results on Thursday, August 14th. The company reported GBX 0.90 earnings per share (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 research analysts predict that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current year.

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.