CAB Payments (LON:CABP) Trading 12.1% Higher – Time to Buy?

CAB Payments Holdings Limited (LON:CABP) shot up 12.1% on Thursday . The company traded as high as GBX 75.93 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.

Analysts Set New Price Targets

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

CAB Payments Stock Performance

The stock has a market cap of £187.86 million and a PE ratio of 25.52. The company has a 50 day moving average of GBX 57.79 and a two-hundred day moving average of GBX 53.02.

Insider Buying and Selling at CAB Payments

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