Raymond James Financial Forecasts Strong Price Appreciation for goeasy (TSE:GSY) Stock

Key Points

• Raymond James Financial has raised the price target for goeasy from C$215.00 to C$226.00, indicating an 11.34% upside from its previous close.
• Multiple analysts have differing outlooks on goeasy, with targets ranging from C$210.00 to C$255.00, while the average consensus price is C$220.13.
• Insider trading activity includes a recent purchase by Senior Officer Daniel Llewellyn Rees of 1,000 shares at an average price of C$160.00 per share.

goeasy (TSE:GSY - Get Free Report) had its target price raised by equities research analysts at Raymond James Financial from C$215.00 to C$226.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's price objective would suggest a potential upside of 12.65% from the stock's current price.

Several other analysts have also commented on GSY. Cormark reduced their price target on shares of goeasy from C$240.00 to C$210.00 in a research report on Thursday, April 24th. National Bankshares lifted their target price on goeasy from C$235.00 to C$255.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. Scotiabank upped their price target on goeasy from C$205.00 to C$230.00 in a research note on Wednesday, July 23rd. BMO Capital Markets raised their price objective on goeasy from C$220.00 to C$228.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group reduced their price objective on shares of goeasy from C$222.00 to C$182.00 in a report on Monday, April 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$221.25.

goeasy Trading Down 1.6%

goeasy stock traded down C$3.19 during midday trading on Thursday, hitting C$200.63. 90,976 shares of the stock were exchanged, compared to its average volume of 65,104. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63. The stock's 50-day simple moving average is C$170.05 and its 200 day simple moving average is C$162.42. goeasy has a fifty-two week low of C$134.01 and a fifty-two week high of C$206.94. The stock has a market capitalization of C$3.36 billion, a price-to-earnings ratio of 12.20, a PEG ratio of 0.84 and a beta of 1.87.

Insiders Place Their Bets

In other goeasy news, Senior Officer Daniel Llewellyn Rees purchased 1,000 shares of the business's 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 corporate insiders.

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.