Jefferies Financial Group Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

Key Points

• Jefferies cut its price target on goeasy from C$50.00 to C$39.00 (about a 10.95% upside from the then-current price), and several other analysts have trimmed targets while TD Securities downgraded the stock to a Hold, leaving a consensus rating of Hold with a consensus target of C$72.00.
• Shares traded down to C$35.15 (near a 12‑month low of C$33.13) and the company shows a market cap of C$563.3M, a P/E of 2.56 and a very high debt‑to‑equity ratio of 383.82, highlighting elevated leverage risk despite low current valuation metrics.

goeasy (TSE:GSY - Get Free Report) had its price objective cut by stock analysts at Jefferies Financial Group from C$50.00 to C$39.00 in a report released on Thursday,BayStreet.CA reports. Jefferies Financial Group's price objective suggests a potential upside of 10.95% from the company's current price.

A number of other equities research analysts have also issued reports on GSY. Scotiabank cut their target price on goeasy from C$61.00 to C$55.00 in a research report on Thursday. ATB Cormark Capital Markets decreased their price target on goeasy from C$200.00 to C$185.00 and set an "outperform" rating for the company in a research report on Friday, February 13th. Royal Bank Of Canada dropped their price target on goeasy from C$52.00 to C$33.00 in a research note on Thursday. Raymond James Financial cut their price objective on goeasy from C$77.00 to C$50.00 in a report on Thursday. Finally, TD Securities lowered shares of goeasy from a "buy" rating to a "hold" rating and reduced their price objective for the company from C$160.00 to C$135.00 in a research note on Monday, January 19th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of C$72.00.

goeasy Price Performance

goeasy stock traded down C$2.21 during mid-day trading on Thursday, hitting C$35.15. The company's stock had a trading volume of 244,841 shares, compared to its average volume of 332,645. The stock has a market capitalization of C$563.31 million, a P/E ratio of 2.56, a P/E/G ratio of 0.84 and a beta of 0.16. goeasy has a twelve month low of C$33.13 and a twelve month high of C$216.50. The stock's fifty day moving average price is C$92.40 and its two-hundred day moving average price is C$127.64. The company has a quick ratio of 28.46, a current ratio of 42.83 and a debt-to-equity ratio of 383.82.

goeasy (TSE:GSY - Get Free Report) last announced its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) EPS for the quarter. The company had revenue of C$446.40 million for the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. Research analysts forecast that goeasy will post 20.3207343 earnings per share for the current year.

About goeasy

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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