Shares of CAB Payments Holdings Limited (LON:CABP – Get Free Report) were up 12.1% during mid-day trading on Thursday . The stock traded as high as GBX 75.70 and last traded at GBX 74. Approximately 3,116,519 shares were traded during mid-day trading, an increase of 415% from the average daily volume of 605,161 shares. The stock had previously closed at GBX 66.
Key Stories Impacting CAB Payments
Here are the key news stories impacting CAB Payments this week:
- Positive Sentiment: Management expects FY25 results to exceed market forecasts, citing strong growth — a clear positive catalyst for revenue and earnings outlook. Article Title Article Title
- Neutral Sentiment: Trading metrics show elevated activity: intraday volume (~4.27M shares) well above the ~938k average. The stock sits above its 50-day (GBX 58.25) and 200-day (GBX 53.16) moving averages, market cap ~£183m and a P/E ~24.9 — signals investors can use to assess momentum and valuation.
- Negative Sentiment: Price weakness despite positive guidance may reflect profit‑taking after a recent run toward a 12‑month high (GBX 77.25), short‑term volatility on heavy intraday volume, or investor caution about valuation and execution risk ahead of confirmed results.
Analyst Upgrades and Downgrades
Separately, Shore Capital reiterated a “house stock” rating on shares of CAB Payments in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of GBX 99.
CAB Payments Trading Down 2.4%
The company has a market cap of £183.42 million and a price-to-earnings ratio of 24.91. The business has a fifty day moving average of GBX 58.67 and a two-hundred day moving average of GBX 53.33.
Insider Buying and Selling at CAB Payments
In other CAB Payments news, insider Kushagra (‘Kush’) Saxena bought 97,861 shares of CAB Payments stock in a transaction dated Wednesday, November 12th. The stock was acquired at an average cost of GBX 51 per share, with a total value of £49,909.11. 1.17% of the stock is currently owned by insiders.
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.
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