goeasy (TSE:GSY) Price Target Cut to C$61.00 by Analysts at Scotiabank

goeasy (TSE:GSY) had its price target lowered by investment analysts at Scotiabank from C$68.00 to C$61.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 56.05% from the stock’s previous close.

Several other research analysts have also issued reports on the company. ATB Cormark Capital Markets dropped their price objective on goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a research note on Friday, February 13th. Royal Bank Of Canada lowered shares of goeasy from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. Jefferies Financial Group cut shares of goeasy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 11th. National Bank Financial downgraded shares of goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, Raymond James Financial lowered shares of goeasy from a “moderate buy” rating to a “hold” rating and reduced their price target for the company from C$208.00 to C$153.00 in a research report on Wednesday, December 3rd. Two investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$163.78.

goeasy Price Performance

Shares of goeasy stock traded down C$0.85 during midday trading on Wednesday, hitting C$39.09. 301,682 shares of the company were exchanged, compared to its average volume of 322,100. The firm has a 50 day simple moving average of C$103.59 and a 200-day simple moving average of C$134.32. The company has a debt-to-equity ratio of 383.82, a current ratio of 42.83 and a quick ratio of 28.46. The firm has a market cap of C$626.46 million, a P/E ratio of 2.85, a PEG ratio of 0.84 and a beta of 0.16. goeasy has a 52 week low of C$33.13 and a 52 week high of C$216.50.

goeasy Company Profile

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.