CAB Payments (LON:CABP) Hits New 1-Year High – Here’s What Happened

CAB Payments Holdings Limited (LON:CABP)’s stock price hit a new 52-week high on Friday . The company traded as high as GBX 83.45 and last traded at GBX 82.40, with a volume of 362520 shares. The stock had previously closed at GBX 81.

Wall Street Analysts Forecast Growth

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

CAB Payments Stock Up 1.7%

The company has a market cap of £209.18 million and a P/E ratio of 28.41. The firm’s 50-day moving average price is GBX 69.22 and its 200-day moving average price is GBX 57.62.

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.