CAB Payments (LON:CABP) Stock Price Up 12.1% – Still a Buy?

CAB Payments Holdings Limited (LON:CABP) rose 12.1% during trading on Thursday . The stock traded as high as GBX 75.70 and last traded at GBX 74. Approximately 3,116,519 shares were traded 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.

Analysts Set New Price Targets

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

CAB Payments Stock Performance

The company’s 50-day moving average is GBX 57.79 and its 200-day moving average is GBX 53.02. The firm has a market cap of £187.86 million and a price-to-earnings ratio of 25.52.

Insiders Place Their Bets

In other news, insider Kushagra (‘Kush’) Saxena acquired 97,861 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was purchased at an average cost of GBX 51 per share, for a total transaction of £49,909.11. 1.17% of the stock is owned by company 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.