CAB Payments (LON:CABP) Shares Down 3.1% – What’s Next?

Shares of CAB Payments Holdings Limited (LON:CABP) were down 3.1% during mid-day trading on Monday . The stock traded as low as GBX 60.10 and last traded at GBX 60.10. Approximately 23,908 shares were traded during trading, a decline of 94% from the average daily volume of 398,526 shares. The stock had previously closed at GBX 62.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed 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, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 99.

CAB Payments Price Performance

The company has a market cap of £157.14 million and a PE ratio of 21.34. The business has a 50-day simple moving average of GBX 55.08 and a 200-day simple moving average of GBX 51.43.

Insider Activity

In other news, insider Kushagra (‘Kush’) Saxena acquired 97,861 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The shares were purchased at an average price of GBX 51 per share, for a total transaction of £49,909.11. Corporate insiders own 1.17% of the company’s stock.

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.