CAB Payments’ (CABP) “Speculative Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reiterated their speculative buy rating on shares of CAB Payments (LON:CABP) in a research report sent to investors on Thursday morning,London Stock Exchange reports. The brokerage currently has a GBX 105 ($1.28) target price on the stock.

Separately, Shore Capital reissued a “buy” rating on shares of CAB Payments in a research note on Thursday, November 7th.

CAB Payments Price Performance

CABP opened at GBX 65 ($0.79) on Thursday. The business has a fifty day moving average of GBX 68.12 and a 200 day moving average of GBX 95.01. The stock has a market cap of £165.01 million and a P/E ratio of 812.50. CAB Payments has a 52-week low of GBX 60 ($0.73) and a 52-week high of GBX 166.20 ($2.02).

Insider Activity

In other CAB Payments news, insider Ann Cairns bought 400,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of GBX 73 ($0.89) per share, for a total transaction of £292,000 ($355,274.36). Also, insider Susanne Chishti bought 96,866 shares of the business’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of GBX 72 ($0.88) per share, for a total transaction of £69,743.52 ($84,856.45). Insiders own 64.28% 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.