CAB Payments (LON:CABP) Hits New 1-Year Low – Time to Sell?

CAB Payments Holdings Limited (LON:CABP) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 61.18 ($0.75) and last traded at GBX 65 ($0.80), with a volume of 1804518 shares changing hands. The stock had previously closed at GBX 66.60 ($0.82).

Analysts Set New Price Targets

CABP has been the subject of a number of recent analyst reports. Canaccord Genuity Group reiterated a “speculative buy” rating and set a GBX 105 ($1.29) price target on shares of CAB Payments in a research report on Thursday. Shore Capital reissued a “buy” rating on shares of CAB Payments in a research report on Thursday, November 7th.

CAB Payments Stock Performance

The company has a market capitalization of £165.01 million and a price-to-earnings ratio of 812.50. The firm has a 50-day simple moving average of GBX 68.60 and a two-hundred day simple moving average of GBX 95.66.

Insider Transactions at CAB Payments

In related news, insider Ann Cairns purchased 400,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were bought at an average cost of GBX 73 ($0.89) per share, for a total transaction of £292,000 ($357,405.14). Also, insider Susanne Chishti acquired 96,866 shares of CAB Payments stock in a transaction dated Friday, November 15th. The shares were bought at an average price of GBX 72 ($0.88) per share, with a total value of £69,743.52 ($85,365.39). Corporate insiders own 64.28% of the company’s stock.

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.