CAB Payments (LON:CABP) Given “House Stock” Rating at Shore Capital

Shore Capital reiterated their house stock rating on shares of CAB Payments (LON:CABP) in a research report report published on Tuesday, Marketbeat reports.

Separately, Canaccord Genuity Group reduced their price target on CAB Payments from GBX 105 ($1.39) to GBX 99 ($1.31) and set a “speculative buy” rating for the company in a research report on Thursday, March 13th.

CAB Payments Stock Performance

CAB Payments stock opened at GBX 42.25 ($0.56) on Tuesday. CAB Payments has a 52 week low of GBX 37.30 ($0.49) and a 52 week high of GBX 166.20 ($2.20). The firm has a market capitalization of £107.33 million and a price-to-earnings ratio of 5.53. The company has a 50 day moving average price of GBX 49.46 and a 200 day moving average price of GBX 70.26.

CAB Payments (LON:CABP) last announced its quarterly earnings data on Friday, March 14th. The company reported GBX 6 ($0.08) EPS for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. Equities analysts forecast that CAB Payments will post 14.556213 earnings per share for the current fiscal year.

Insider Transactions at CAB Payments

In other news, insider James Hopkinson acquired 214,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of GBX 48 ($0.64) per share, for a total transaction of £102,720 ($135,944.94). Corporate 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.