National Bank Financial Downgrades goeasy (TSE:GSY) to Hold

Key Points

• National Bank Financial downgraded goeasy from a "strong-buy" to a "hold," joining other firms that have recently cut ratings or trimmed price targets.
• Analyst consensus is now a Hold (two Buys, five Holds, one Sell) with an average price target of C$180.33, down from earlier levels after multiple downward revisions.
• The stock opened at C$40.67, with a market cap of C$651.78 million and a P/E of 2.97, reflecting a large gap between current price and analysts' average target.

goeasy (TSE:GSY - Get Free Report) was downgraded by research analysts at National Bank Financial from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

GSY has been the subject of several other research reports. Scotiabank cut their price objective on goeasy from C$225.00 to C$210.00 in a research report on Friday, January 30th. BMO Capital Markets cut shares of goeasy from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Jefferies Financial Group cut shares of goeasy from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Raymond James Financial downgraded shares of goeasy from a "moderate buy" rating to a "hold" rating and decreased their price objective for the stock from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. Finally, ATB Cormark Capital Markets dropped their target price on shares of goeasy from C$200.00 to C$185.00 and set an "outperform" rating for the company in a report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$180.33.

goeasy Stock Performance

TSE GSY opened at C$40.67 on Tuesday. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. The business's 50 day moving average is C$121.22 and its two-hundred day moving average is C$145.91. goeasy has a 12-month low of C$37.83 and a 12-month high of C$216.50. The stock has a market capitalization of C$651.78 million, a price-to-earnings ratio of 2.97, a PEG ratio of 0.84 and a beta of 0.16.

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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