Insider Buying: CAB Payments Holdings Limited (LON:CABP) Insider Acquires 400,000 Shares of Stock

CAB Payments Holdings Limited (LON:CABP) insider Ann Cairns acquired 400,000 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average cost of GBX 73 ($0.94) per share, for a total transaction of £292,000 ($375,756.02).

CAB Payments Trading Up 4.7 %

LON:CABP opened at GBX 71.20 ($0.92) on Thursday. CAB Payments Holdings Limited has a 12-month low of GBX 51.50 ($0.66) and a 12-month high of GBX 166.20 ($2.14). The stock has a 50-day moving average price of GBX 106.41 and a 200 day moving average price of GBX 119.15. The stock has a market capitalization of £180.75 million and a P/E ratio of 890.00.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “buy” rating on shares of CAB Payments in a research note on Thursday, November 7th.

About CAB Payments

CAB Payments Holdings Limited, through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally. The company offers EMpower FX, an end-to-end automated payments gateway for cross-border payments; EMpower Payments, a digital platform for day-to-day exposures in FX; EMpower Connect, a bank oriented service for making hard currency payments; and EMpower Pensions, a pension payment full service platform.