Scotiabank Cuts goeasy (TSE:GSY) Price Target to C$210.00

goeasy (TSE:GSY) had its price objective lowered by equities researchers at Scotiabank from C$225.00 to C$210.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotiabank’s price target would indicate a potential upside of 66.94% from the stock’s current price.

GSY has been the subject of several other research reports. Jefferies Financial Group decreased their target price on goeasy from C$225.00 to C$194.00 in a research note on Monday, November 10th. Royal Bank Of Canada lowered their price objective on goeasy from C$194.00 to C$156.00 in a research report on Friday, November 7th. Raymond James Financial lowered goeasy from a “moderate buy” rating to a “hold” rating and cut their target price for the company from C$208.00 to C$153.00 in a research note on Wednesday, December 3rd. National Bankshares cut their price objective on goeasy from C$265.00 to C$245.00 in a report on Thursday, November 6th. Finally, BMO Capital Markets decreased their price target on shares of goeasy from C$232.00 to C$226.00 in a research note on Thursday, November 6th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$191.13.

goeasy Stock Performance

Shares of TSE:GSY traded up C$0.33 during trading hours on Friday, hitting C$125.79. The stock had a trading volume of 206,015 shares, compared to its average volume of 111,386. The stock’s fifty day simple moving average is C$130.07 and its 200 day simple moving average is C$161.72. The company has a debt-to-equity ratio of 287.63, a quick ratio of 28.46 and a current ratio of 82.04. The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 9.18, a PEG ratio of 0.84 and a beta of 0.64. goeasy has a 1-year low of C$117.52 and a 1-year high of C$216.50.

goeasy (TSE:GSY) last released its quarterly earnings data on Wednesday, November 5th. The company reported C$4.12 earnings per share for the quarter. The business had revenue of C$440.22 million during the quarter. goeasy had a return on equity of 25.26% and a net margin of 19.49%. Sell-side analysts anticipate that goeasy will post 20.3207343 earnings per share for the current fiscal year.

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