goeasy Ltd. (TSE:GSY) Receives C$42.89 Average PT from Brokerages

Shares of goeasy Ltd. (TSE:GSY) have been given an average rating of “Reduce” by the nine analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$42.89.

A number of equities analysts have weighed in on the company. National Bank Financial boosted their target price 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. ATB Cormark Capital Markets cut shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 target price on the stock. in a research note on Wednesday, July 29th. Raymond James Financial raised their price target 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. Royal Bank Of Canada upped their price objective on goeasy from C$30.00 to C$35.00 in a research note on Monday, August 10th. Finally, Jefferies Financial Group boosted their target price on goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th.

Insider Activity

In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the completion of the sale, the insider directly owned 505 shares of the company’s stock, valued at approximately C$22,836.10. The trade was a 65.97% decrease in their ownership of the stock. Insiders have sold 4,340 shares of company stock worth $196,239 over the last ninety days. 22.05% of the stock is currently owned by insiders.

goeasy Stock Performance

TSE:GSY opened at C$42.26 on Wednesday. The stock has a market cap of C$677.60 million, a price-to-earnings ratio of -2.02, a PEG ratio of 0.84 and a beta of 1.33. 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 company’s 50 day moving average price is C$45.84 and its 200-day moving average price is C$45.00. goeasy has a 52 week low of C$27.60 and a 52 week high of C$209.72.

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 return on equity of 37.13% and a negative net margin of 20.21%.The business had revenue of C$390.04 million during the quarter. On average, equities research analysts forecast that goeasy will post 20.3207343 earnings per share for the current fiscal year.

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.