Canaccord Genuity Group Cuts CAB Payments (LON:CABP) Price Target to GBX 99

CAB Payments (LON:CABP) had its price target cut by Canaccord Genuity Group from GBX 105 ($1.36) to GBX 99 ($1.28) in a research report sent to investors on Thursday,Digital Look reports. They currently have a speculative buy rating on the stock.

CAB Payments Trading Up 5.0 %

LON:CABP opened at GBX 48.90 ($0.63) on Thursday. The company has a market cap of £124.23 million and a PE ratio of 6.40. CAB Payments has a twelve month low of GBX 45.17 ($0.58) and a twelve month high of GBX 166.20 ($2.15). The company’s 50 day moving average is GBX 58.60 and its two-hundred day moving average is GBX 80.18.

CAB Payments (LON:CABP) last released its earnings results on Friday, March 14th. The company reported GBX 6 ($0.08) 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, analysts expect that CAB Payments will post 14.556213 EPS for the current fiscal year.

Insider Activity

In other CAB Payments news, insider James Hopkinson acquired 214,000 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68). Insiders own 64.28% of the company’s stock.

CAB Payments Company Profile

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.