CAB Payments (LON:CABP) Given New GBX 99 Price Target at Canaccord Genuity Group

CAB Payments (LON:CABP) had its price objective trimmed by Canaccord Genuity Group from GBX 105 ($1.36) to GBX 99 ($1.28) in a research note released on Thursday,Digital Look reports. The brokerage currently has a speculative buy rating on the stock.

CAB Payments Trading Down 14.6 %

LON CABP opened at GBX 45.80 ($0.59) on Thursday. CAB Payments has a 1-year low of GBX 45.17 ($0.59) and a 1-year high of GBX 166.20 ($2.15). The company has a market capitalization of £116.35 million and a PE ratio of 6.00. The firm’s fifty day simple moving average is GBX 59.02 and its 200-day simple moving average is GBX 80.67.

About CAB Payments

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.