CAB Payments (LON:CABP) Shares Up 0.2% – Still a Buy?

Shares of CAB Payments Holdings Limited (LON:CABP) rose 0.2% during mid-day trading on Friday . The stock traded as high as GBX 51.10 and last traded at GBX 51.10. Approximately 327,417 shares changed hands during trading, a decline of 25% from the average daily volume of 434,191 shares. The stock had previously closed at GBX 51.

Analysts Set New Price Targets

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

CAB Payments Trading Up 0.2%

The firm’s 50 day simple moving average is GBX 51.18 and its two-hundred day simple moving average is GBX 48.03. The firm has a market cap of £129.72 million and a price-to-earnings ratio of 17.62.

CAB Payments (LON:CABP) last issued its quarterly earnings data on Thursday, August 14th. The company reported GBX 0.90 earnings per share for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. As a group, equities research analysts anticipate that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current fiscal year.

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.