CAB Payments (LON:CABP – Free Report) 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 – Get Free Report) 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.
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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.
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