Raymond James Increases Payfare (TSE:PAY) Price Target to C$12.00

Payfare (TSE:PAY) had its target price hoisted by Raymond James from C$10.00 to C$12.00 in a research note published on Thursday morning, BayStreet.CA reports.

Payfare Stock Down 3.0 %

Shares of TSE PAY opened at C$7.35 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.25 and a quick ratio of 0.32. Payfare has a 1 year low of C$4.09 and a 1 year high of C$8.10. The stock has a market capitalization of C$352.43 million, a P/E ratio of 21.62 and a beta of 2.11. The company has a 50-day moving average price of C$6.45 and a 200-day moving average price of C$6.63.

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.