CAB Payments (LON:CABP) Trading Up 4.6% – Time to Buy?

CAB Payments Holdings Limited (LON:CABPGet Free Report) shares were up 4.6% during trading on Friday . The company traded as high as GBX 56.50 and last traded at GBX 56.50. Approximately 180,584 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 413,068 shares. The stock had previously closed at GBX 54.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of CAB Payments in a research note on Tuesday, October 28th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, CAB Payments currently has an average rating of “Buy” and a consensus target price of GBX 99.

Check Out Our Latest Research Report on CABP

CAB Payments Trading Up 4.6%

The firm has a market cap of £143.43 million and a P/E ratio of 19.48. The business has a 50-day moving average price of GBX 51.21 and a 200-day moving average price of GBX 48.85.

Insider Transactions at CAB Payments

In other CAB Payments news, insider Kushagra (‘Kush’) Saxena purchased 97,861 shares of CAB Payments stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average price of GBX 51 per share, for a total transaction of £49,909.11. 1.17% of the stock is currently owned by 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.

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