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Scotiabank Upgrades goeasy (TSE:GSY) to Outperform

goeasy logo with Financial Services background

Key Points

  • Scotiabank upgraded goeasy from a "sector perform" to an "outperform" rating, with a target price of C$225.00, suggesting a potential upside of 35.75% from its current price.
  • A consensus among research analysts shows seven buy ratings and one hold rating for goeasy, with a consensus price target of C$217.11.
  • goeasy's shares reached C$165.74 after trading up C$6.13, with a market cap of C$2.66 billion and a P/E ratio of 9.98.
  • Five stocks to consider instead of goeasy.

goeasy (TSE:GSY - Get Free Report) was upgraded by stock analysts at Scotiabank from a "hold" rating to an "outperform" rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The firm presently has a C$225.00 price target on the stock. Scotiabank's target price points to a potential upside of 37.72% from the stock's current price.

A number of other brokerages also recently weighed in on GSY. Royal Bank Of Canada set a C$194.00 target price on goeasy and gave the company a "hold" rating in a report on Wednesday, October 1st. National Bankshares set a C$265.00 target price on goeasy and gave the stock an "outperform" rating in a research report on Tuesday, September 23rd. BMO Capital Markets lifted their price objective on goeasy from C$228.00 to C$232.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. TD Securities lifted their price objective on goeasy from C$205.00 to C$210.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Raymond James Financial lifted their price objective on goeasy from C$215.00 to C$226.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, goeasy currently has a consensus rating of "Moderate Buy" and an average target price of C$217.11.

Check Out Our Latest Research Report on GSY

goeasy Trading Up 2.4%

Shares of GSY stock opened at C$163.37 on Thursday. The stock's fifty day moving average price is C$193.07 and its two-hundred day moving average price is C$171.95. The company has a market cap of C$2.63 billion, a PE ratio of 9.84, a P/E/G ratio of 0.84 and a beta of 0.90. goeasy has a fifty-two week low of C$134.01 and a fifty-two week high of C$216.50. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04.

goeasy Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for goeasy (TSE:GSY)

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