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

Key Points

• Scotiabank has increased its price target for goeasy (TSE: GSY) from C$230.00 to C$235.00, indicating a potential upside of 18.00% from its current price.
• Several analysts have given goeasy various ratings, with six analysts rating it as a buy and a consensus target price of C$221.25.
• Despite a recent drop in stock price to C$199.15, goeasy’s market capitalization stands at C$3.34 billion with solid performance metrics including a price-to-earnings ratio of 12.11.

goeasy (TSE:GSY - Get Free Report) had its price objective lifted by equities researchers at Scotiabank from C$230.00 to C$235.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotiabank's target price suggests a potential upside of 12.81% from the company's current price.

Other analysts have also issued reports about the stock. TD Securities upped their price target on shares of goeasy from C$205.00 to C$210.00 and gave the company a "buy" rating in a research report on Thursday, August 7th. Cormark cut their price target on shares of goeasy from C$240.00 to C$210.00 in a research report on Thursday, April 24th. BMO Capital Markets upped their price target on shares of goeasy from C$228.00 to C$232.00 and gave the company an "outperform" rating in a research report on Friday. Raymond James Financial increased their target price on shares of goeasy from C$215.00 to C$226.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Finally, National Bankshares increased their target price on shares of goeasy from C$255.00 to C$265.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, goeasy presently has an average rating of "Moderate Buy" and a consensus price target of C$221.25.

goeasy Trading Up 0.8%

TSE GSY traded up C$1.72 during trading on Friday, hitting C$208.32. 13,747 shares of the company's stock traded hands, compared to its average volume of 64,974. The stock has a fifty day moving average of C$171.20 and a two-hundred day moving average of C$162.16. The company has a debt-to-equity ratio of 287.63, a current ratio of 82.04 and a quick ratio of 28.46. goeasy has a 12-month low of C$134.01 and a 12-month high of C$208.37. The firm has a market cap of C$3.49 billion, a P/E ratio of 12.66, a PEG ratio of 0.84 and a beta of 1.87.

Insider Buying and Selling at goeasy

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

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.