Block (NYSE:XYZ) Earns “Outperform” Rating from Royal Bank of Canada

Block (NYSE:XYZ)‘s stock had its “outperform” rating reaffirmed by equities researchers at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $110.00 target price on the stock. Royal Bank of Canada’s price target suggests a potential upside of 33.32% from the stock’s current price.

Block Stock Down 1.6 %

Block stock traded down $1.38 during midday trading on Thursday, hitting $82.51. 2,564,936 shares of the company were exchanged, compared to its average volume of 5,623,197. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.26. The firm has a market cap of $51.14 billion, a price-to-earnings ratio of 46.35, a price-to-earnings-growth ratio of 0.73 and a beta of 2.52. Block has a fifty-two week low of $55.00 and a fifty-two week high of $99.26.

Block Company Profile

Block, Inc, together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments.