CAB Payments (LON:CABP) Stock Price Up 12.1% – Here’s Why

CAB Payments Holdings Limited (LON:CABP) shares rose 12.1% on Thursday . The company traded as high as GBX 75.70 and last traded at GBX 74. 3,116,519 shares traded hands during mid-day trading, an increase of 415% from the average daily volume of 605,161 shares. The stock had previously closed at GBX 66.

CAB Payments News Summary

Here are the key news stories impacting CAB Payments this week:

• Positive Sentiment: Management issued a trading update saying CAB Payments expects strong FY25 results that will be above market forecasts, which likely boosted investor confidence and is the primary driver of the stock’s uptick. This guidance improvement can support a re-rating, potential analyst upgrades, and reduced downside risk for the shares. Cab Payments expects strong FY25 results above market forecasts
• Neutral Sentiment: Trading and valuation context: volume spiked well above average (today’s ~3.12M vs avg ~605k), the stock is trading near its 52-week high, and technicals show it above both the 50-day (GBX 58.25) and 200-day (GBX 53.16) SMAs. Market cap is ~£188m with a P/E ~25.5 — greater liquidity and proximity to the high can magnify moves but also means less margin for disappointment.

Wall Street Analyst Weigh In

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

CAB Payments Price Performance

The firm’s 50-day moving average price is GBX 58.25 and its 200 day moving average price is GBX 53.16. The firm has a market capitalization of £187.86 million and a price-to-earnings ratio of 25.52.

Insider Buying and Selling

In other CAB Payments news, insider Kushagra (‘Kush’) Saxena purchased 97,861 shares of the stock in a transaction on Wednesday, November 12th. The stock was bought at an average price of GBX 51 per share, for a total transaction of £49,909.11. Insiders own 1.17% 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.