National Bankshares Forecasts Strong Price Appreciation for goeasy (TSE:GSY) Stock

Key Points

• National Bankshares has raised its price target for goeasy (TSE:GSY) stock from C$235.00 to C$255.00, indicating a potential upside of 34.54% from its previous close.
• The company currently holds an average rating of "Moderate Buy" with an average price target of C$220.63, as five analysts issued buy ratings while one maintained a hold rating.
• goeasy's stock traded up to C$189.54, with a market cap of C$3.18 billion and a PE ratio of 11.52, reflecting strong market interest despite recent fluctuations in target prices among various analysts.

goeasy (TSE:GSY - Get Free Report) had its price objective raised by research analysts at National Bankshares from C$235.00 to C$255.00 in a research report issued on Tuesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' price target would indicate a potential upside of 34.54% from the stock's previous close.

GSY has been the subject of a number of other reports. Jefferies Financial Group cut their price objective on goeasy from C$222.00 to C$182.00 in a research report on Monday, April 21st. BMO Capital Markets upped their price objective on shares of goeasy from C$220.00 to C$228.00 and gave the company an "outperform" rating in a research note on Monday. Cormark dropped their target price on goeasy from C$240.00 to C$210.00 in a report on Thursday, April 24th. TD Securities upped their target price on goeasy from C$192.00 to C$205.00 and gave the company a "buy" rating in a report on Tuesday. Finally, Scotiabank upped their target price on goeasy from C$205.00 to C$230.00 in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$220.63.

goeasy Stock Performance

TSE:GSY traded up C$1.54 during trading hours on Tuesday, reaching C$189.54. The company had a trading volume of 48,740 shares, compared to its average volume of 63,283. The firm has a market cap of C$3.18 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.84 and a beta of 1.87. goeasy has a 1-year low of C$134.01 and a 1-year high of C$205.49. The business's 50 day moving average price is C$162.96 and its 200-day moving average price is C$161.37. The company has a debt-to-equity ratio of 287.63, a current ratio of 82.04 and a quick ratio of 28.46.

Insider Activity

In other goeasy news, Senior Officer Daniel Llewellyn Rees bought 1,000 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were acquired at an average price of C$160.00 per share, with a total value of C$160,000.00. Insiders own 22.05% of the company's stock.

About goeasy

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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