CAB Payments (LON:CABP) Shares Up 6.5% – Still a Buy?

CAB Payments Holdings Limited (LON:CABP)’s share price shot up 6.5% on Tuesday . The stock traded as high as GBX 68.70 ($0.86) and last traded at GBX 68.70 ($0.86). 203,679 shares traded hands during trading, a decline of 77% from the average session volume of 872,487 shares. The stock had previously closed at GBX 64.50 ($0.81).

Analysts Set New Price Targets

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

CAB Payments Price Performance

The business has a 50-day simple moving average of GBX 79.50 and a 200 day simple moving average of GBX 100.73. The firm has a market cap of £173.13 million and a PE ratio of 852.50.

Insider Activity at CAB Payments

In other news, insider Susanne Chishti bought 96,866 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average price of GBX 72 ($0.90) per share, with a total value of £69,743.52 ($87,266.67). Also, insider Ann Cairns purchased 400,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was acquired at an average price of GBX 73 ($0.91) per share, with a total value of £292,000 ($365,365.37). 64.28% of the stock is currently owned by corporate insiders.

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.