goeasy (TSE:GSY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

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 target hoisted by research analysts at BMO Capital Markets from C$220.00 to C$228.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. BMO Capital Markets' price target indicates a potential upside of 21.08% from the stock's current price.

Other equities analysts have also recently issued research reports about the company. TD Securities cut their price objective on goeasy from C$199.00 to C$192.00 and set a "buy" rating on the stock in a report on Friday, May 9th. National Bankshares cut their price objective on goeasy from C$240.00 to C$235.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Jefferies Financial Group cut their price objective on goeasy from C$222.00 to C$182.00 in a report on Monday, April 21st. Cormark cut their target price on goeasy from C$240.00 to C$210.00 in a research note on Thursday, April 24th. Finally, Scotiabank boosted their target price on goeasy from C$205.00 to C$230.00 in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$216.50.

goeasy Trading Up 2.1%

GSY traded up C$3.90 during midday trading on Monday, reaching C$188.30. 36,660 shares of the company were exchanged, compared to its average volume of 63,289. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. goeasy has a one year low of C$134.01 and a one year high of C$205.49. The stock has a market capitalization of C$3.16 billion, a P/E ratio of 11.45, a PEG ratio of 0.84 and a beta of 1.87. The stock's 50-day simple moving average is C$162.22 and its 200 day simple moving average is C$161.25.

Insider Transactions at goeasy

In other news, Senior Officer Daniel Llewellyn Rees purchased 1,000 shares of goeasy stock in a transaction that occurred on Monday, June 23rd. The stock was acquired 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 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.

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