Royal Bank Of Canada Lowers goeasy (TSE:GSY) Price Target to C$30.00

goeasy (TSE:GSY – Get Free Report) had its price objective reduced by stock analysts at Royal Bank Of Canada from C$33.00 to C$30.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has an “underperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 6.38% from the company’s previous close.

Several other equities research analysts have also recently commented on GSY. BMO Capital Markets dropped their target price on shares of goeasy from C$45.00 to C$36.00 in a research report on Wednesday. Scotiabank cut shares of goeasy from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. Desjardins dropped their target price on shares of goeasy from C$64.00 to C$47.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. ATB Cormark Capital Markets cut shares of goeasy from a “moderate buy” rating to a “hold” rating and dropped their target price for the stock from C$85.00 to C$42.00 in a research report on Thursday, April 2nd. Finally, Jefferies Financial Group dropped their target price on shares of goeasy from C$50.00 to C$39.00 in a research report on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of C$36.56.

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goeasy Trading Down 4.1%

GSY traded down C$1.22 during trading on Thursday, hitting C$28.20. 315,093 shares of the stock traded hands, compared to its average volume of 316,342. The firm has a market capitalization of C$452.16 million, a P/E ratio of -2.62, a price-to-earnings-growth ratio of 0.84 and a beta of 1.05. The company has a debt-to-equity ratio of 543.86, a current ratio of 23.15 and a quick ratio of 28.46. The firm has a 50-day moving average of C$42.23 and a 200 day moving average of C$99.60. goeasy has a 12-month low of C$27.88 and a 12-month high of C$216.50.

goeasy (TSE:GSY – Get Free Report) last posted its earnings results on Tuesday, May 12th. The company reported C($1.90) EPS for the quarter. goeasy had a negative return on equity of 16.05% and a negative net margin of 10.51%.The company had revenue of C$412.86 million during the quarter. Equities research analysts anticipate that goeasy will post 20.3207343 EPS for the current year.

goeasy Company Profile

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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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