CAB Payments Holdings Limited (LON:CABP) Insider Buys £102,720 in Stock

CAB Payments Holdings Limited (LON:CABP) insider James Hopkinson acquired 214,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of GBX 48 ($0.62) per share, for a total transaction of £102,720 ($132,781.80).

CAB Payments Stock Performance

Shares of CABP stock opened at GBX 48.90 ($0.63) on Monday. The stock’s 50 day simple moving average is GBX 58.60 and its 200 day simple moving average is GBX 79.94. The company has a market capitalization of £124.23 million and a price-to-earnings ratio of 6.40. CAB Payments Holdings Limited has a twelve month low of GBX 45.17 ($0.58) and a twelve month high of GBX 166.20 ($2.15).

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

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group cut their price objective on CAB Payments from GBX 105 ($1.36) to GBX 99 ($1.28) and set a “speculative buy” rating on the stock in a research note on Thursday.

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.