goeasy (TSE:GSY) Rating Lowered to “Hold” at Desjardins

goeasy (TSE:GSY) was downgraded by research analysts at Desjardins from a “buy” rating to a “hold” rating in a report issued on Wednesday, BayStreet reports. They presently have a C$44.00 price target on the stock, down from their previous price target of C$56.00. Desjardins‘s price target would suggest a potential upside of 18.31% from the stock’s previous close.

GSY has been the subject of several other research reports. Raymond James Financial raised their price target on shares of goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a research report on Tuesday, July 21st. National Bank Financial upped their price objective on goeasy from C$43.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Royal Bank Of Canada increased their price objective on goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. Jefferies Financial Group increased their price objective on goeasy from C$45.00 to C$51.00 in a research note on Monday, August 10th. Finally, ATB Cormark Capital Markets lowered 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. Seven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of C$41.56.

goeasy Stock Down 17.3%

GSY traded down C$7.77 during trading hours on Wednesday, hitting C$37.19. 571,680 shares of the company’s stock were exchanged, compared to its average volume of 202,128. goeasy has a 12-month low of C$27.60 and a 12-month high of C$140.12. The firm has a 50 day moving average of C$43.68 and a 200 day moving average of C$53.24. The firm has a market cap of C$596.30 million, a P/E ratio of -1.78, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The company has a current ratio of 22.81, a quick ratio of 28.46 and a debt-to-equity ratio of 558.73.

Insider Transactions at goeasy

In related news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of goeasy stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total value of C$117,165.02. Insiders have sold a total of 4,837 shares of company stock valued at $217,486 in the last ninety days. 22.05% of the stock is owned by insiders.

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.