Royal Bank of Canada Reiterates “Outperform” Rating for Block (NYSE:XYZ)

Block (NYSE:XYZ)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank of Canada in a research report issued on Thursday,Benzinga reports. They presently have a $110.00 target price on the stock. Royal Bank of Canada’s target price indicates a potential upside of 33.32% from the stock’s previous close.

Block Stock Down 1.6 %

Shares of XYZ stock traded down $1.38 during mid-day trading on Thursday, reaching $82.51. The stock had a trading volume of 2,564,936 shares, compared to its average volume of 5,623,197. Block has a 1-year low of $55.00 and a 1-year high of $99.26. The firm has a market capitalization of $51.14 billion, a PE ratio of 46.35, a P/E/G ratio of 0.73 and a beta of 2.52. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.07 and a current ratio of 2.07.

About Block

Block, Inc, together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless and chip reader that accepts Europay, MasterCard, and Visa (EMV) chip cards and Near Field Communication payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments.