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

CAB Payments Holdings Limited (LON:CABP) insider James Hopkinson bought 214,000 shares of the stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of GBX 48 ($0.62) per share, for a total transaction of £102,720 ($133,056.99).

CAB Payments Price Performance

Shares of CAB Payments stock opened at GBX 48.93 ($0.63) on Friday. The firm has a market capitalization of £124.30 million and a price-to-earnings ratio of 6.41. CAB Payments Holdings Limited has a one year low of GBX 45.17 ($0.59) and a one year high of GBX 166.20 ($2.15). The business has a 50-day simple moving average of GBX 59.02 and a 200 day simple moving average of GBX 80.67.

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

Wall Street Analysts Forecast Growth

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

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.