CAB Payments (LON:CABP) Trading Up 12.1% – Here’s Why

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

More CAB Payments News

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.

Analyst Upgrades and Downgrades

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

CAB Payments Stock Performance

The firm has a market capitalization of £187.86 million and a P/E ratio of 25.52. The stock’s 50 day simple moving average is GBX 58.25 and its 200 day simple moving average is GBX 53.16.

Insider Transactions at CAB Payments

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

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.