Versapay (CVE:VPY) has been given a C$3.30 price target by equities research analysts at Raymond James in a note issued to investors on Wednesday. The brokerage presently has an “outperform” rating on the stock. Raymond James’ target price indicates a potential upside of 134.04% from the company’s current price.
Separately, Eight Capital set a C$2.00 target price on Versapay and gave the company a “buy” rating in a report on Monday, December 3rd.
VPY stock opened at C$1.41 on Wednesday. Versapay has a fifty-two week low of C$0.91 and a fifty-two week high of C$2.74. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.41 and a current ratio of 1.23. The stock has a market capitalization of $59.67 million and a price-to-earnings ratio of -4.38.
VersaPay Corporation, a financial technology company, provides cloud-based invoicing, accounts receivable (A/R) management, and payment solutions for businesses in Canada and the United States. The company offers ARC, a business-to-business solution that delivers capabilities in areas, such as invoice presentment, collaboration and collection, electronic payment, cash application, and A/R insight; PayPort, a cloud-based credit card and electronic funds transfer service; and Gateway that allows third party technology partners to connect to PayPort through a secure application program interface and offer the service as part of their own service offering.
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