Royal Bank Of Canada Cuts goeasy (TSE:GSY) Price Target to C$33.00

goeasy (TSE:GSY) had its price objective reduced by equities researchers at Royal Bank Of Canada from C$52.00 to C$33.00 in a research note issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s target price would suggest a potential downside of 6.12% from the stock’s previous close.

Other equities analysts also recently issued reports about the company. Scotiabank reduced their price objective on goeasy from C$61.00 to C$55.00 in a research report on Thursday. TD Securities cut goeasy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$160.00 to C$135.00 in a research report on Monday, January 19th. BMO Capital Markets downgraded goeasy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group lowered goeasy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Finally, Raymond James Financial cut goeasy from a “moderate buy” rating to a “hold” rating and decreased their price target for the stock from C$208.00 to C$153.00 in a research note on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, goeasy currently has an average rating of “Hold” and a consensus price target of C$72.00.

goeasy Stock Performance

Shares of GSY stock traded down C$2.21 during trading hours on Thursday, reaching C$35.15. The stock had a trading volume of 244,841 shares, compared to its average volume of 332,645. The company has a debt-to-equity ratio of 383.82, a current ratio of 42.83 and a quick ratio of 28.46. goeasy has a twelve month low of C$33.13 and a twelve month high of C$216.50. The firm has a 50-day simple moving average of C$92.40 and a 200-day simple moving average of C$127.64. The firm has a market capitalization of C$563.31 million, a PE ratio of 2.56, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16.

goeasy (TSE:GSY) last posted its earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share (EPS) for the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. The firm had revenue of C$446.40 million for the quarter. As a group, equities analysts forecast that goeasy will post 20.3207343 earnings per share for the current year.

goeasy Company Profile

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. Its reportable business segments include easyhome and easyfinancial, of which it derives maximum revenue from easyfinancial segment.