CAB Payments (LON:CABP) Earns “Speculative Buy” Rating from Canaccord Genuity Group

CAB Payments (LON:CABP)‘s stock had its “speculative buy” rating reissued by equities researchers at Canaccord Genuity Group in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 105 ($1.28) price target on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 61.54% from the stock’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of CAB Payments in a research report on Thursday, November 7th.

CAB Payments Price Performance

CABP opened at GBX 65 ($0.79) on Thursday. CAB Payments has a 12 month low of GBX 60 ($0.73) and a 12 month high of GBX 166.20 ($2.02). The stock has a market capitalization of £165.01 million and a P/E ratio of 812.50. The business has a 50 day simple moving average of GBX 68.31 and a 200-day simple moving average of GBX 95.44.

Insider Activity

In other CAB Payments news, insider Susanne Chishti acquired 96,866 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of GBX 72 ($0.88) per share, for a total transaction of £69,743.52 ($84,856.45). Also, insider Ann Cairns bought 400,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average price of GBX 73 ($0.89) per share, with a total value of £292,000 ($355,274.36). Insiders own 64.28% of the company’s stock.

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.