goeasy (TSE:GSY) Price Target Cut to C$44.00 by Analysts at National Bank Financial

Key Points

• National Bank Financial cut goeasy’s price target from C$53 to C$44, maintaining a “sector perform” rating; the new target implies 13.23% upside from the prior close.
• Analyst sentiment is cautious: MarketBeat reports a consensus “Reduce” rating and average price target of C$40.33, with seven Hold and two Sell ratings.
• goeasy shares traded at C$38.86 on Thursday. The company reported quarterly EPS of C($0.94) and revenue of C$371.65 million.

goeasy (TSE:GSY - Get Free Report) had its target price lowered by investment analysts at National Bank Financial from C$53.00 to C$44.00 in a research report issued to clients and investors on Thursday, BayStreet reports. The firm currently has a "sector perform" rating on the stock. National Bank Financial's target price would suggest a potential upside of 13.23% from the stock's previous close.

A number of other brokerages also recently weighed in on GSY. Royal Bank Of Canada raised their target price on shares of goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. ATB Cormark Capital Markets cut shares of goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price target for the company. in a research note on Wednesday, July 29th. Raymond James Financial increased their price target on shares of goeasy from C$42.00 to C$45.00 and gave the stock a "market perform" rating in a report on Tuesday, July 21st. Desjardins cut shares of goeasy from a "buy" rating to a "hold" rating and lowered their price objective for the company from C$56.00 to C$44.00 in a research report on Wednesday. Finally, Jefferies Financial Group raised their price objective on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. Seven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus price target of C$40.33.

goeasy Price Performance

Shares of TSE:GSY traded up C$1.25 on Thursday, hitting C$38.86. The company's stock had a trading volume of 123,343 shares, compared to its average volume of 202,602. The company has a 50-day simple moving average of C$43.57 and a 200 day simple moving average of C$52.78. goeasy has a 1 year low of C$27.60 and a 1 year high of C$140.12. The company has a market capitalization of C$623.08 million, a PE ratio of -1.86, a PEG ratio of 0.84 and a beta of 1.29. The company has a debt-to-equity ratio of 558.73, a current ratio of 22.81 and a quick ratio of 28.46.

goeasy (TSE:GSY - Get Free Report) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C($0.94) EPS for the quarter. The business had revenue of C$371.65 million for the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%. Sell-side analysts forecast that goeasy will post 20.32 EPS for the current fiscal year.

Insider Transactions at goeasy

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the firm's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the transaction, the insider directly owned 505 shares of the company's stock, valued at approximately C$22,836.10. This trade represents a 65.97% decrease in their ownership of the stock. Insiders have sold 4,837 shares of company stock worth $217,486 in the last ninety days. Corporate insiders own 22.05% of the company's stock.

About goeasy

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members' dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.

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