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

Payfare (TSE:PAY) had its price objective hoisted by stock analysts at Raymond James from C$3.00 to C$4.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. Raymond James’ price target points to a potential upside of 4.17% from the company’s current price.

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

Payfare Stock Down 0.3 %

Shares of PAY opened at C$3.84 on Monday. The company has a market capitalization of C$184.24 million, a PE ratio of 9.60 and a beta of 1.80. The stock’s 50-day moving average price is C$2.27 and its two-hundred day moving average price is C$4.95. The company has a current ratio of 1.22, a quick ratio of 0.32 and a debt-to-equity ratio of 0.08. Payfare has a 12 month low of C$1.76 and a 12 month 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.