goeasy (TSE:GSY) Lowered to "Hold" Rating by Jefferies Financial Group

Key Points

• Jefferies downgraded goeasy from "strong-buy" to a "hold" and several other analysts have also cut ratings and price targets, leaving the stock with a consensus Hold rating and a consensus price target of C$180.33.
• Shares have plunged to around C$40.67 (one-year low C$37.83 vs. high C$216.50), and the company shows a strained balance sheet with a very high debt-to-equity of 383.82, a market cap of C$651.8M and a low P/E of 2.97.

goeasy (TSE:GSY - Get Free Report) was downgraded by equities researchers at Jefferies Financial Group from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

GSY has been the subject of a number of other research reports. Scotiabank reduced their target price on goeasy from C$225.00 to C$210.00 in a report on Friday, January 30th. ATB Cormark Capital Markets reduced their price objective on shares of goeasy from C$200.00 to C$185.00 and set an "outperform" rating for the company in a research note on Friday, February 13th. Raymond James Financial cut shares of goeasy from a "moderate buy" rating to a "hold" rating and lowered their target price for the stock from C$208.00 to C$153.00 in a research note on Wednesday, December 3rd. TD Securities lowered shares of goeasy from a "buy" rating to a "hold" rating and reduced their price target for the company from C$160.00 to C$135.00 in a research report on Monday, January 19th. Finally, BMO Capital Markets cut shares of goeasy from a "strong-buy" rating to a "hold" rating in a report on Tuesday. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$180.33.

goeasy Price Performance

goeasy stock opened at C$40.67 on Wednesday. goeasy has a one year low of C$37.83 and a one year high of C$216.50. The business has a fifty day moving average price of C$121.22 and a 200-day moving average price of C$145.91. The company has a debt-to-equity ratio of 383.82, a current ratio of 42.83 and a quick ratio of 28.46. The firm has a market capitalization of C$651.78 million, a P/E ratio of 2.97, a PEG ratio of 0.84 and a beta of 0.16.

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.

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