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

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

CAB Payments Stock Performance

Shares of LON CABP opened at GBX 48.90 ($0.63) on Thursday. The company’s fifty day moving average price is GBX 58.60 and its 200 day moving average price is GBX 80.18. CAB Payments has a 1 year low of GBX 45.17 ($0.58) and a 1 year high of GBX 166.20 ($2.15). The company has a market capitalization of £124.23 million and a PE ratio of 6.40.

CAB Payments (LON:CABP) last announced its quarterly earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) earnings per share (EPS) for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. On average, equities analysts expect that CAB Payments will post 14.556213 EPS for the current year.

Insiders Place Their Bets

In other news, insider James Hopkinson acquired 214,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68). 64.28% of the stock is currently owned by company insiders.

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.