CAB Payments (LON:CABP) Earns “Buy” Rating from Shore Capital

Shore Capital reaffirmed their buy rating on shares of CAB Payments (LON:CABP) in a research note released on Thursday, LSE.Co.UK reports.

CAB Payments Stock Down 7.2 %

Shares of LON:CABP opened at GBX 99.90 ($1.31) on Thursday. The stock has a market capitalization of £253.61 million and a P/E ratio of 999.00. CAB Payments has a 52 week low of GBX 46.10 ($0.61) and a 52 week high of GBX 285.50 ($3.75). The firm has a fifty day simple moving average of GBX 110.17 and a two-hundred day simple moving average of GBX 121.01.

CAB Payments Company Profile

CAB Payments Holdings Limited, through its subsidiaries, provides foreign exchange (FX) and cross-border payments services to banks, fintech companies, development organizations, and governments in the United Kingdom and internationally. The company offers EMpower FX, an end-to-end automated payments gateway for cross-border payments; EMpower Payments, a digital platform for day-to-day exposures in FX; EMpower Connect, a bank oriented service for making hard currency payments; and EMpower Pensions, a pension payment full service platform.