goeasy Ltd. (TSE:GSY) Stock Has Average Target Price of C$42.89

Shares of goeasy Ltd. (TSE:GSY) have received an average rating of “Reduce” from the nine research firms that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$42.89.

GSY has been the subject of several research analyst reports. Jefferies Financial Group upped their price objective on shares of goeasy from C$45.00 to C$51.00 in a research note on Monday, August 10th. Royal Bank Of Canada lifted their target price on goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th. ATB Cormark Capital Markets downgraded goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 target price for the company. in a report on Wednesday, July 29th. Raymond James Financial boosted their target price on goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a report on Tuesday, July 21st. Finally, National Bank Financial upped their target price on goeasy from C$43.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th.

goeasy Stock Performance

Shares of goeasy stock opened at C$44.33 on Thursday. The firm has a market capitalization of C$710.79 million, a P/E ratio of -2.12, a P/E/G ratio of 0.84 and a beta of 1.14. goeasy has a 52 week low of C$27.60 and a 52 week high of C$170.00. The company has a quick ratio of 28.46, a current ratio of 22.81 and a debt-to-equity ratio of 558.73. The firm’s 50 day moving average is C$43.25 and its two-hundred day moving average is C$56.24.

goeasy (TSE:GSY) last posted its earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%. The firm had revenue of C$390.04 million for the quarter. Research analysts forecast that goeasy will post 20.32 EPS for the current fiscal year.

Insider Buying and Selling

In other goeasy news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total value of C$117,165.02. Insiders sold a total of 4,837 shares of company stock worth $217,486 over the last quarter. Insiders own 22.05% of the company’s stock.

goeasy Company Profile

goeasy Ltd. is a leading Canadian provider of non-prime consumer lending solutions, offering a suite of financial products through its easyfinancial, easyhome, and LendCare brands. goeasy offers unsecured and secured instalment loans, point-of-sale financing, and lease-to-own merchandise through its omni-channel model, which spans online, mobile, and hundreds of locations nationwide. Driven by its team members’ dedication to expand access to credit for underserved communities and helping customers strengthen their financial futures, goeasy has proudly served more than 1.6 million customers while building an award-winning culture.