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

Payfare (TSE:PAY) had its price objective lifted by Raymond James from C$3.00 to C$4.00 in a report published on Monday,BayStreet.CA reports. Raymond James currently has a market perform rating on the stock.

PAY has been the topic of several other research reports. Cantor Fitzgerald upgraded Payfare to a “strong-buy” rating in a report on Thursday, October 3rd. B. Riley cut Payfare from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th.

Payfare Stock Up 0.3 %

Shares of TSE:PAY opened at C$3.84 on Monday. The company has a 50 day moving average price of C$2.37 and a two-hundred day moving average price of C$4.90. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.32 and a current ratio of 1.22. The company has a market capitalization of C$184.24 million, a PE ratio of 9.60 and a beta of 1.80. Payfare has a 52 week low of C$1.76 and a 52 week high of C$8.90.

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.