Royal Bank Of Canada Forecasts Strong Price Appreciation for goeasy (TSE:GSY) Stock

goeasy (TSE:GSY – Get Free Report) had its target price raised by equities research analysts at Royal Bank Of Canada from C$30.00 to C$35.00 in a note issued to investors on Monday,BayStreet.CA reports. Royal Bank Of Canada’s target price suggests a potential downside of 24.70% from the stock’s current price.

A number of other analysts also recently issued reports on GSY. BMO Capital Markets decreased their price objective on shares of goeasy from C$45.00 to C$36.00 in a report on Wednesday, May 13th. Jefferies Financial Group lifted their price objective on goeasy from C$45.00 to C$51.00 in a report on Monday. Raymond James Financial increased their target price on shares of goeasy from C$42.00 to C$45.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 21st. Scotiabank lowered shares of goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. Finally, ATB Cormark Capital Markets downgraded shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price objective for the company. in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of C$42.89.

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goeasy Stock Performance

Shares of TSE GSY traded down C$3.42 during midday trading on Monday, reaching C$46.48. The company’s stock had a trading volume of 184,241 shares, compared to its average volume of 252,770. goeasy has a 12-month low of C$27.60 and a 12-month high of C$216.50. The firm has a 50 day moving average price of C$44.56 and a 200-day moving average price of C$59.40. The stock has a market capitalization of C$745.26 million, a P/E ratio of -2.85, a PEG ratio of 0.84 and a beta of 1.39. The company has a debt-to-equity ratio of 599.13, a current ratio of 28.22 and a quick ratio of 28.46.

goeasy (TSE:GSY – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. The company had revenue of C$390.04 million during the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%. As a group, equities analysts predict that goeasy will post 20.3207343 earnings per share for the current year.

About goeasy

(Get Free Report)

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.

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