CAB Payments (LON:CABP) Trading 12.1% Higher – Here’s What Happened

CAB Payments Holdings Limited (LON:CABP) shares rose 12.1% on Thursday . The company traded as high as GBX 75.70 and last traded at GBX 74. Approximately 3,116,519 shares changed hands during trading, an increase of 415% from the average daily volume of 605,161 shares. The stock had previously closed at GBX 66.

Key Headlines Impacting CAB Payments

Here are the key news stories impacting CAB Payments this week:

• Positive Sentiment: Management issued a trading update saying CAB Payments expects strong FY25 results that will be above market forecasts, which likely boosted investor confidence and is the primary driver of the stock’s uptick. This guidance improvement can support a re-rating, potential analyst upgrades, and reduced downside risk for the shares. Cab Payments expects strong FY25 results above market forecasts
• Neutral Sentiment: Trading and valuation context: volume spiked well above average (today’s ~3.12M vs avg ~605k), the stock is trading near its 52-week high, and technicals show it above both the 50-day (GBX 58.25) and 200-day (GBX 53.16) SMAs. Market cap is ~£188m with a P/E ~25.5 — greater liquidity and proximity to the high can magnify moves but also means less margin for disappointment.

Analysts Set New Price Targets

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

CAB Payments Stock Performance

The firm has a market cap of £190.51 million and a price-to-earnings ratio of 25.88. The company has a 50 day moving average price of GBX 58.25 and a 200 day moving average price of GBX 53.16.

Insider Buying and Selling

In related news, insider Kushagra (‘Kush’) Saxena bought 97,861 shares of the stock in a transaction on Wednesday, November 12th. The stock was bought at an average price of GBX 51 per share, with a total value of £49,909.11. 1.17% of the stock is owned by insiders.

About CAB Payments

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.