National Bank Financial Issues Pessimistic Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its target price reduced by investment analysts at National Bank Financial from C$50.00 to C$38.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bank Financial’s target price indicates a potential upside of 8.11% from the company’s current price.

GSY has been the topic of a number of other reports. ATB Cormark Capital Markets lowered their target price on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research note on Friday, February 13th. TD Securities downgraded shares of goeasy from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$160.00 to C$135.00 in a report on Monday, January 19th. BMO Capital Markets lowered shares of goeasy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 10th. Scotiabank dropped their target price on shares of goeasy from C$61.00 to C$55.00 in a research note on Thursday. Finally, Jefferies Financial Group downgraded shares of goeasy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, goeasy has an average rating of “Hold” and a consensus price target of C$72.00.

goeasy Stock Performance

Shares of GSY stock traded down C$2.21 during trading on Thursday, hitting C$35.15. The company’s stock had a trading volume of 244,841 shares, compared to its average volume of 332,645. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. The company has a market cap of C$563.31 million, a PE ratio of 2.56, a P/E/G ratio of 0.84 and a beta of 0.16. The business has a fifty day moving average of C$92.40 and a 200-day moving average of C$127.64. goeasy has a 52 week low of C$33.13 and a 52 week high of C$216.50.

goeasy (TSE:GSY) last posted its quarterly earnings data on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The business had revenue of C$446.40 million during the quarter. goeasy had a return on equity of 19.42% and a net margin of 14.07%. As a group, research analysts anticipate that goeasy will post 20.3207343 earnings per share for the current 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.