TD Securities Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

Key Points

• TD Securities cut its price target on goeasy from C$210 to C$160 while maintaining a "buy" rating, implying about a 23.6% upside from the current price cited in the report.
• Several other analysts also trimmed targets (consensus rating: Moderate Buy), with an average price target of C$206.88, though opinions range across firms.
• Shares plunged to C$129.46 on heavy volume (330,928 vs. avg. 75,209), trading well below the 50‑day (C$179.71) and 200‑day (C$173.35) moving averages; the stock shows a P/E of 7.79 and market cap of C$2.08B.

goeasy (TSE:GSY - Get Free Report) had its price target dropped by analysts at TD Securities from C$210.00 to C$160.00 in a report released on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price indicates a potential upside of 23.59% from the company's current price.

Other research analysts have also recently issued reports about the company. Raymond James Financial reduced their price target on goeasy from C$226.00 to C$208.00 in a research report on Thursday. Jefferies Financial Group dropped their price objective on shares of goeasy from C$230.00 to C$225.00 in a research note on Tuesday. National Bankshares decreased their target price on shares of goeasy from C$265.00 to C$245.00 in a research note on Thursday. Scotiabank upgraded shares of goeasy from a "hold" rating to an "outperform" rating and set a C$225.00 price target on the stock in a research report on Thursday, October 16th. Finally, BMO Capital Markets cut their price objective on shares of goeasy from C$232.00 to C$226.00 in a report on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$206.88.

goeasy Stock Performance

GSY traded down C$4.80 during midday trading on Friday, hitting C$129.46. 330,928 shares of the company were exchanged, compared to its average volume of 75,209. The company's 50 day simple moving average is C$179.71 and its 200 day simple moving average is C$173.35. The firm has a market capitalization of C$2.08 billion, a price-to-earnings ratio of 7.79, a price-to-earnings-growth ratio of 0.84 and a beta of 0.92. goeasy has a 1-year low of C$127.60 and a 1-year high of C$216.50. The company has a current ratio of 82.04, a quick ratio of 28.46 and a debt-to-equity ratio of 287.63.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.