Insider Buying: CAB Payments (LON:CABP) Insider Acquires £49,909.11 in Stock

CAB Payments Holdings Limited (LON:CABP) insider Kushagra (‘Kush’) Saxena bought 97,861 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were bought at an average cost of GBX 51 per share, for a total transaction of £49,909.11.

CAB Payments Trading Down 0.4%

CABP traded down GBX 0.20 during trading on Friday, hitting GBX 50.80. The company’s stock had a trading volume of 119,670 shares, compared to its average volume of 421,500. The business’s fifty day simple moving average is GBX 51.03 and its 200 day simple moving average is GBX 48.51. CAB Payments Holdings Limited has a twelve month low of GBX 37.30 and a twelve month high of GBX 74.80. The firm has a market capitalization of £128.96 million and a price-to-earnings ratio of 17.52.

CAB Payments (LON:CABP) last announced its earnings results on Thursday, August 14th. The company reported GBX 0.90 earnings per share (EPS) for the quarter. CAB Payments had a net margin of 12.21% and a return on equity of 14.16%. As a group, equities research analysts forecast that CAB Payments Holdings Limited will post 14.556213 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of CAB Payments in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of GBX 99.

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.