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 research report sent to investors on Thursday morning, LSE.Co.UK reports.

CAB Payments Price Performance

Shares of CAB Payments stock opened at GBX 99.90 ($1.31) on Thursday. The firm’s fifty day simple moving average is GBX 110.17 and its 200-day simple moving average is GBX 121.01. CAB Payments has a 12 month low of GBX 46.10 ($0.61) and a 12 month high of GBX 285.50 ($3.75). The stock has a market capitalization of £253.61 million and a price-to-earnings ratio of 999.00.

About CAB Payments

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.