BMO Capital Markets Forecasts Strong Price Appreciation for goeasy (TSE:GSY) Stock

Key Points

• BMO Capital Markets has increased the price target for goeasy (TSE:GSY) from C$220.00 to C$228.00, suggesting a potential upside of 21.08% from its current price.
• Other analysts have mixed ratings on the stock, with TD Securities lowering their target to C$192.00 while Scotiabank raised theirs to C$230.00, contributing to a consensus rating of "Moderate Buy."
• goeasy's stock is currently trading around C$188.30, reflecting a 2.1% increase, with a market capitalization of C$3.16 billion.

goeasy (TSE:GSY - Get Free Report) had its price objective raised by BMO Capital Markets from C$220.00 to C$228.00 in a research report issued on Monday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. BMO Capital Markets' target price points to a potential upside of 25.92% from the stock's previous close.

Several other analysts have also recently weighed in on GSY. Jefferies Financial Group dropped their price target on shares of goeasy from C$222.00 to C$182.00 in a research note on Monday, April 21st. Cormark dropped their price target on shares of goeasy from C$240.00 to C$210.00 in a research note on Thursday, April 24th. National Bankshares decreased their price objective on shares of goeasy from C$240.00 to C$235.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Scotiabank upped their price objective on shares of goeasy from C$205.00 to C$230.00 in a report on Wednesday, July 23rd. Finally, TD Securities decreased their price objective on shares of goeasy from C$199.00 to C$192.00 and set a "buy" rating on the stock in a report on Friday, May 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$220.63.

goeasy Trading Down 1.1%

Shares of goeasy stock traded down C$1.93 during mid-day trading on Monday, hitting C$181.07. The stock had a trading volume of 27,405 shares, compared to its average volume of 63,062. The firm has a 50-day moving average of C$165.29 and a two-hundred day moving average of C$161.81. goeasy has a 12-month low of C$134.01 and a 12-month high of C$197.59. 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 firm has a market cap of C$3.04 billion, a P/E ratio of 11.01, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87.

Insider Transactions at goeasy

In other goeasy news, Senior Officer Daniel Llewellyn Rees bought 1,000 shares of goeasy stock in a transaction on Monday, June 23rd. The shares were bought at an average cost of C$160.00 per share, for a total transaction of C$160,000.00. 22.05% of the stock is currently owned by company insiders.

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.