CAB Payments (LON:CABP) Reaches New 52-Week Low – What’s Next?

Shares of CAB Payments Holdings Limited (LON:CABP) hit a new 52-week low during trading on Friday . The company traded as low as GBX 51.10 ($0.64) and last traded at GBX 51.20 ($0.64), with a volume of 459774 shares trading hands. The stock had previously closed at GBX 52.60 ($0.66).

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CABP shares. Shore Capital reissued a “buy” rating on shares of CAB Payments in a research note on Thursday, November 7th. Canaccord Genuity Group reissued a “speculative buy” rating and set a GBX 105 ($1.32) price target on shares of CAB Payments in a research note on Thursday, January 16th.

CAB Payments Stock Down 2.7 %

The stock has a 50 day moving average of GBX 61.26 and a 200 day moving average of GBX 84.26. The company has a market capitalization of £130.07 million and a price-to-earnings ratio of 6.71.

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.