Raymond James Reiterates “C$3.30” Price Target for Versapay (VPY)

Raymond James set a C$3.30 price objective on Versapay (CVE:VPY) in a research report report published on Wednesday morning. The brokerage currently has an outperform rating on the stock.

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. The company has a quick ratio of 0.41, a current ratio of 1.23 and a debt-to-equity ratio of 0.08. The stock has a market cap of $59.67 million and a price-to-earnings ratio of -4.38. Versapay has a twelve month low of C$0.91 and a twelve month high of C$2.74.

Versapay Company Profile

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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