goeasy (TSE:GSY) Downgraded to Hold Rating by BMO Capital Markets

Key Points

• BMO Capital Markets downgraded goeasy from "strong‑buy" to "hold", and several other brokers have cut ratings or price targets, leaving a MarketBeat consensus of Hold with an average price target of C$180.33.
• Shares plunged (opened at C$40.67, down ~18.2%), giving a market cap of C$651.8M; the stock shows a very low P/E of 2.97 but a high debt‑to‑equity ratio of 383.82, indicating elevated financial risk despite the large gap to analyst targets.

goeasy (TSE:GSY - Get Free Report) was downgraded by stock analysts at BMO Capital Markets from a "strong-buy" rating to a "hold" rating in a report issued on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Jefferies Financial Group cut their target price on goeasy from C$225.00 to C$194.00 in a research note on Monday, November 10th. Raymond James Financial cut shares of goeasy from a "moderate buy" rating to a "hold" rating and dropped their price objective for the stock from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. TD Securities lowered shares of goeasy from a "buy" rating to a "hold" rating and reduced their target price for the company from C$160.00 to C$135.00 in a research note on Monday, January 19th. National Bank Financial dropped their price target on shares of goeasy from C$245.00 to C$210.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 4th. Finally, ATB Cormark Capital Markets cut their price target on goeasy from C$200.00 to C$185.00 and set an "outperform" rating on the stock in a report on Friday, February 13th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, goeasy currently has a consensus rating of "Hold" and an average price target of C$180.33.

goeasy Stock Down 18.2%

Shares of goeasy stock opened at C$40.67 on Tuesday. The stock has a market capitalization of C$651.78 million, a price-to-earnings ratio of 2.97, a PEG ratio of 0.84 and a beta of 0.16. goeasy has a twelve month low of C$37.83 and a twelve month high of C$216.50. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. The business's 50 day simple moving average is C$121.22 and its 200-day simple moving average is C$145.91.

goeasy Company Profile

goeasy Ltd provides financial services to own furniture, electronics, computers, and appliances. It offers merchandise leasing of household furnishings, appliances, and home electronic products to consumers under weekly or monthly leasing agreements. The company also offers unsecured installment loans to consumers. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.