National Bank Financial Forecasts Strong Price Appreciation for goeasy (TSE:GSY) Stock

goeasy (TSE:GSY) had its price objective hoisted by research analysts at National Bank Financial from C$34.00 to C$43.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential downside of 13.98% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. BMO Capital Markets decreased their price target on goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. ATB Cormark Capital Markets dropped their price objective on goeasy from C$42.00 to C$35.00 and set a “sector perform” rating for the company in a research note on Thursday, May 14th. Royal Bank Of Canada cut their target price on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research report on Thursday, May 14th. Jefferies Financial Group lowered their price target on goeasy from C$50.00 to C$39.00 in a report on Thursday, April 2nd. Finally, TD Securities cut their price objective on shares of goeasy from C$44.00 to C$36.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$37.89.

goeasy Stock Performance

Shares of TSE GSY traded up C$0.97 during midday trading on Monday, reaching C$49.99. The stock had a trading volume of 35,544 shares, compared to its average volume of 261,134. The stock has a 50-day moving average of C$42.04 and a 200-day moving average of C$65.45. The company has a market capitalization of C$801.54 million, a price-to-earnings ratio of -4.64, a price-to-earnings-growth ratio of 0.84 and a beta of 1.41. goeasy has a 12-month low of C$27.60 and a 12-month high of C$216.50.

goeasy (TSE:GSY) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. goeasy had a negative net margin of 15.76% and a negative return on equity of 26.45%. The firm had revenue of C$412.86 million for the quarter. As a group, analysts forecast that goeasy will post 20.3207343 EPS for the current fiscal 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.