CAB Payments (LON:CABP) Stock Price Down 3.1% – Here’s What Happened

CAB Payments Holdings Limited (LON:CABP) shares dropped 3.1% during mid-day trading on Monday . The stock traded as low as GBX 60.10 and last traded at GBX 60.10. Approximately 23,908 shares traded hands during mid-day trading, a decline of 94% from the average daily volume of 398,526 shares. The stock had previously closed at GBX 62.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of CAB Payments in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 99.

CAB Payments Stock Down 3.1%

The firm has a 50-day moving average price of GBX 54.57 and a 200 day moving average price of GBX 51.21. The firm has a market capitalization of £152.57 million and a PE ratio of 20.72.

Insider Buying and Selling

In other news, insider Kushagra (‘Kush’) Saxena bought 97,861 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was bought at an average cost of GBX 51 per share, with a total value of £49,909.11. 1.17% of the stock is owned by company insiders.

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.