goeasy (TSE:GSY) Price Target Raised to C$51.00

Key Points

• Jefferies raised goeasy’s price target to C$51 from C$45, implying 9.72% potential upside from the reported C$46.48 share price.
• Analyst sentiment remains cautious overall: goeasy has an average “Reduce” rating, with one Buy, six Hold, and two Sell ratings, and a consensus target of C$42.89.
• Shares fell 6.9% to C$46.48, while the company reported quarterly earnings of C$1.02 per share and revenue of C$390.04 million; it also posted negative net margin and return on equity.

goeasy (TSE:GSY - Get Free Report) had its price objective raised by analysts at Jefferies Financial Group from C$45.00 to C$51.00 in a research report issued on Monday,BayStreet.CA reports. Jefferies Financial Group's price objective would indicate a potential upside of 9.72% from the company's current price.

Several other analysts have also recently issued reports on GSY. Desjardins reduced their price objective on goeasy from C$47.00 to C$38.00 and set a "buy" rating on the stock in a research note on Thursday, May 14th. ATB Cormark Capital Markets cut goeasy from a "market perform" rating to an "underperform" rating and set a C$35.00 price objective for the company. in a research note on Wednesday, July 29th. Scotiabank lowered shares of goeasy from a "sector outperform" rating to a "sector perform" rating and cut their target price for the stock from C$55.00 to C$39.00 in a research note on Tuesday, April 28th. BMO Capital Markets decreased their price target on shares of goeasy from C$45.00 to C$36.00 in a research note on Wednesday, May 13th. Finally, National Bank Financial lifted their price target on shares of goeasy from C$34.00 to C$43.00 and gave the stock a "sector perform" rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of C$42.89.

goeasy Trading Down 6.9%

Shares of GSY stock traded down C$3.42 on Monday, hitting C$46.48. The stock had a trading volume of 184,241 shares, compared to its average volume of 252,770. The company's 50 day moving average price is C$44.56 and its 200-day moving average price is C$59.40. goeasy has a 1 year low of C$27.60 and a 1 year high of C$216.50. The company has a debt-to-equity ratio of 599.13, a current ratio of 28.22 and a quick ratio of 28.46. The firm has a market capitalization of C$745.26 million, a P/E ratio of -2.85, a P/E/G ratio of 0.84 and a beta of 1.39.

goeasy (TSE:GSY - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. The company had revenue of C$390.04 million during the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%. Analysts anticipate that goeasy will post 20.3207343 earnings per share for the current year.

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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