goeasy Ltd. (TSE:GSY) Stock Has Average Price Target of C$42.89 According to Brokerages

goeasy Ltd. (TSE:GSY) has been given a consensus recommendation of “Reduce” by the nine ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$42.89.

Several equities research analysts have recently weighed in on the stock. Royal Bank Of Canada upped their target price on shares of goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th. Desjardins raised their price objective on shares of goeasy from C$38.00 to C$56.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group boosted their target price on goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th. Raymond James Financial raised their price target on goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a report on Tuesday, July 21st. Finally, ATB Cormark Capital Markets lowered goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price objective on the stock. in a research note on Wednesday, July 29th.

Insider Transactions at goeasy

In other goeasy news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total transaction of C$117,165.02. In the last 90 days, insiders have sold 4,837 shares of company stock worth $217,486. 22.05% of the stock is owned by corporate insiders.

goeasy Price Performance

goeasy stock opened at C$43.31 on Friday. The business has a 50 day simple moving average of C$43.83 and a 200 day simple moving average of C$40.60. The company has a debt-to-equity ratio of 558.73, a current ratio of 22.81 and a quick ratio of 28.46. The company has a market capitalization of C$694.43 million, a PE ratio of -2.08, a price-to-earnings-growth ratio of 0.84 and a beta of 1.14. goeasy has a one year low of C$27.60 and a one year high of C$173.00.

goeasy (TSE:GSY) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$1.02 earnings per share for the quarter. goeasy had a negative return on equity of 37.13% and a negative net margin of 20.21%.The firm had revenue of C$390.04 million for the quarter. On average, sell-side analysts forecast that goeasy will post 20.3207343 EPS for the current fiscal year.

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.