Shares of goeasy Ltd. (TSE:GSY – Get Free Report) have received a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$42.89.
A number of research analysts have weighed in on the company. Desjardins increased their target price on goeasy from C$38.00 to C$56.00 and gave the company a “buy” rating in a report on Monday, August 10th. ATB Cormark Capital Markets lowered shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price target for the company. in a research report on Wednesday, July 29th. Jefferies Financial Group upped their price target on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday, August 10th. National Bank Financial increased their price objective on shares of goeasy from C$43.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Monday, August 10th. Finally, Royal Bank Of Canada raised their price objective on shares of goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th.
Read Our Latest Stock Analysis on goeasy
goeasy Stock Up 2.8%
GSY stock opened at C$45.59 on Thursday. goeasy has a twelve month low of C$27.60 and a twelve month high of C$170.00. 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 firm has a market cap of C$730.99 million, a PE ratio of -2.18, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. The business has a 50 day moving average of C$43.30 and a 200 day moving average of C$55.80.
goeasy (TSE:GSY – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. The firm had revenue of C$390.04 million for the quarter. goeasy had a negative net margin of 20.21% and a negative return on equity of 37.13%. On average, research analysts forecast that goeasy will post 20.32 EPS for the current fiscal year.
Insider Activity
In other news, insider Courtenay Andrew Ames Plaunt sold 979 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of C$45.22, for a total transaction of C$44,270.38. Following the completion of the transaction, the insider owned 505 shares in the company, valued at C$22,836.10. This trade represents a 65.97% decrease in their ownership of the stock. Insiders have sold a total of 4,837 shares of company stock worth $217,486 in the last quarter. Company insiders own 22.05% of the company’s stock.
About goeasy
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.
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