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

Payfare (TSE:PAY) had its price objective increased by Raymond James from C$3.00 to C$4.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock.

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

Payfare Trading Up 1.3 %

Shares of PAY opened at C$3.85 on Tuesday. Payfare has a fifty-two week low of C$1.76 and a fifty-two week high of C$8.90. The firm has a market cap of C$184.72 million, a price-to-earnings ratio of 9.63 and a beta of 1.80. The firm has a 50 day moving average price of C$2.20 and a 200-day moving average price of C$4.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.32 and a current ratio of 1.22.

Payfare Company Profile

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.