CAB Payments (LON:CABP) Stock Price Down 2.1% – What’s Next?

CAB Payments Holdings Limited (LON:CABP)’s stock price dropped 2.1% on Thursday . The stock traded as low as GBX 111 ($1.44) and last traded at GBX 111.80 ($1.45). Approximately 837,311 shares traded hands during trading, a decline of 12% from the average daily volume of 954,814 shares. The stock had previously closed at GBX 114.20 ($1.48).

Analysts Set New Price Targets

Separately, Shore Capital reiterated a “buy” rating on shares of CAB Payments in a research note on Thursday, September 5th.

CAB Payments Stock Performance

The company’s 50 day simple moving average is GBX 110.91 and its 200 day simple moving average is GBX 122.20. The stock has a market cap of £272.65 million and a PE ratio of 1,352.50.

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.