CAB Payments’ (CABP) “Buy” Rating Reiterated at Shore Capital

CAB Payments (LON:CABP)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a research report issued to clients and investors on Thursday,London Stock Exchange reports.

CAB Payments Stock Performance

CAB Payments stock traded down GBX 26.90 ($0.35) during midday trading on Thursday, hitting GBX 79.70 ($1.04). 6,837,814 shares of the company were exchanged, compared to its average volume of 892,470. CAB Payments has a fifty-two week low of GBX 51.50 ($0.67) and a fifty-two week high of GBX 166.20 ($2.16). The firm has a market capitalization of £202.33 million and a PE ratio of 996.25. The business has a fifty day simple moving average of GBX 110.25 and a two-hundred day simple moving average of GBX 121.46.

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.