CAB Payments Holdings Limited (LON:CABP) Insider James Hopkinson Purchases 214,000 Shares of Stock

CAB Payments Holdings Limited (LON:CABP) insider James Hopkinson bought 214,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of GBX 48 ($0.62) per share, with a total value of £102,720 ($132,867.68).

CAB Payments Trading Up 5.0 %

CAB Payments stock opened at GBX 48.90 ($0.63) on Friday. The company has a market capitalization of £124.23 million and a P/E ratio of 6.40. The firm’s fifty day simple moving average is GBX 58.60 and its 200-day simple moving average is GBX 80.45. CAB Payments Holdings Limited has a 1-year low of GBX 45.17 ($0.58) and a 1-year high of GBX 166.20 ($2.15).

CAB Payments (LON:CABP) last released 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 net margin of 12.21% and a return on equity of 14.16%. On average, equities research analysts predict that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on shares of CAB Payments from GBX 105 ($1.36) to GBX 99 ($1.28) and set a “speculative buy” rating for the company 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.