Royal Bank Of Canada Has Lowered Expectations for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its target price dropped by analysts at Royal Bank Of Canada from C$52.00 to C$33.00 in a research report issued on Thursday,BayStreet.CA reports. Royal Bank Of Canada’s price objective would indicate a potential downside of 6.12% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Raymond James Financial downgraded shares of goeasy from a “moderate buy” rating to a “hold” rating and cut their price target for the company from C$208.00 to C$153.00 in a report on Wednesday, December 3rd. BMO Capital Markets cut shares of goeasy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Jefferies Financial Group downgraded shares of goeasy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 11th. Scotiabank cut their target price on shares of goeasy from C$61.00 to C$55.00 in a research note on Thursday. Finally, ATB Cormark Capital Markets reduced their target price on shares of goeasy from C$200.00 to C$185.00 and set an “outperform” rating for the company in a report on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$72.00.

goeasy Price Performance

Shares of GSY stock traded down C$2.21 during mid-day trading on Thursday, hitting C$35.15. 244,841 shares of the stock traded hands, compared to its average volume of 332,645. goeasy has a twelve month low of C$33.13 and a twelve month high of C$216.50. The company has a debt-to-equity ratio of 383.82, a quick ratio of 28.46 and a current ratio of 42.83. The company’s 50-day simple moving average is C$92.40 and its 200-day simple moving average is C$127.64. The firm has a market cap of C$563.31 million, a price-to-earnings ratio of 2.56, a price-to-earnings-growth ratio of 0.84 and a beta of 0.16.

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

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.