CAB Payments (LON:CABP) Reaches New 12-Month Low – Should You Sell?

CAB Payments Holdings Limited (LON:CABP) hit a new 52-week low during trading on Thursday . The company traded as low as GBX 45.17 ($0.59) and last traded at GBX 45.80 ($0.59), with a volume of 2129329 shares changing hands. The stock had previously closed at GBX 53.60 ($0.70).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “speculative buy” rating and issued a GBX 105 ($1.36) price objective on shares of CAB Payments in a research note on Thursday, January 16th.

CAB Payments Trading Down 14.6 %

The company’s 50-day moving average is GBX 59.50 and its 200-day moving average is GBX 80.92. The firm has a market cap of £116.35 million and a price-to-earnings ratio of 6.00.

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.