Shore Capital Reiterates “Buy” Rating for CAB Payments (LON:CABP)

Shore Capital reissued their buy rating on shares of CAB Payments (LON:CABP) in a report published on Thursday,London Stock Exchange reports.

CAB Payments Price Performance

Shares of CABP stock traded down GBX 4.80 ($0.06) during trading hours on Thursday, reaching GBX 74.90 ($0.98). 9,788,832 shares of the company traded hands, compared to its average volume of 933,092. The firm has a 50-day moving average price of GBX 109.67 and a 200 day moving average price of GBX 121.17. The company has a market cap of £190.14 million and a P/E ratio of 942.50. CAB Payments has a 12-month low of GBX 51.50 ($0.67) and a 12-month high of GBX 166.20 ($2.16).

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.