Payfare (TSE:PAY) Price Target Raised to C$4.00 at Raymond James

Payfare (TSE:PAY) had its price objective raised by Raymond James from C$3.00 to C$4.00 in a report issued on Tuesday morning,BayStreet.CA reports. They currently have a market perform rating on the stock.

Several other research firms have also commented on PAY. Cantor Fitzgerald raised shares of Payfare to a “strong-buy” rating in a report on Thursday, October 3rd. B. Riley downgraded Payfare from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th.

Payfare Stock Performance

Shares of PAY opened at C$3.85 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.22 and a quick ratio of 0.32. Payfare has a 12-month low of C$1.76 and a 12-month high of C$8.90. The business’s fifty day moving average price is C$2.17 and its 200 day moving average price is C$5.00. The stock has a market capitalization of C$184.72 million, a PE ratio of 9.63 and a beta of 1.80.

About Payfare

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.