goeasy (TSE:GSY) Price Target Cut to C$225.00 by Analysts at Scotiabank

Key Points

• Analysts at Scotiabank have reduced the price target for goeasy from C$235.00 to C$225.00, indicating a potential upside of 28.13% from its previous close.
• Despite the reduction by Scotiabank, other analysts have increased their price targets for goeasy, with Raymond James setting a target of C$226.00 and BMO Capital raising it to C$232.00.
• Goeasy shares are currently trading around C$175.60, with a 12-month low of C$134.01 and a high of C$216.50, reflecting significant volatility in its stock performance.

goeasy (TSE:GSY - Get Free Report) had its target price reduced by investment analysts at Scotiabank from C$235.00 to C$225.00 in a report released on Tuesday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's price objective indicates a potential upside of 28.13% from the company's previous close.

A number of other equities research analysts have also commented on GSY. Raymond James Financial increased their price objective on shares of goeasy from C$215.00 to C$226.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. BMO Capital Markets increased their price objective on shares of goeasy from C$228.00 to C$232.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. National Bankshares set a C$265.00 target price on shares of goeasy and gave the company an "outperform" rating in a research note on Tuesday. Finally, TD Securities raised their target price on shares of goeasy from C$205.00 to C$210.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, goeasy has an average rating of "Moderate Buy" and a consensus price target of C$220.00.

goeasy Price Performance

TSE:GSY traded down C$8.73 during mid-day trading on Tuesday, reaching C$175.60. 181,067 shares of the company were exchanged, compared to its average volume of 68,184. goeasy has a 12 month low of C$134.01 and a 12 month high of C$216.50. The company has a fifty day moving average of C$198.55 and a 200 day moving average of C$170.13. The company has a quick ratio of 28.46, a current ratio of 82.04 and a debt-to-equity ratio of 287.63. The stock has a market cap of C$2.82 billion, a PE ratio of 10.57, a PEG ratio of 0.84 and a beta of 1.16.

goeasy Company Profile

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.

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