goeasy (TSE:GSY) Price Target Increased to C$220.00 by Analysts at CIBC

goeasy (TSE:GSY) had its price objective boosted by CIBC from C$200.00 to C$220.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price objective would suggest a potential upside of 23.42% from the company’s previous close.

A number of other analysts have also commented on the company. Raymond James increased their price objective on goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Desjardins upped their price objective on shares of goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a research note on Monday. BMO Capital Markets lifted their target price on shares of goeasy from C$187.00 to C$192.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Royal Bank of Canada raised their price objective on goeasy from C$193.00 to C$195.00 and gave the stock an “outperform” rating in a report on Wednesday, February 14th. Finally, Scotiabank upped their target price on goeasy from C$145.00 to C$170.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$191.89.

goeasy Price Performance

GSY traded up C$2.26 on Friday, hitting C$178.26. 23,917 shares of the company were exchanged, compared to its average volume of 40,098. The business’s fifty day moving average is C$166.10 and its 200 day moving average is C$149.92. goeasy has a fifty-two week low of C$87.00 and a fifty-two week high of C$180.10. The company has a debt-to-equity ratio of 278.25, a quick ratio of 28.46 and a current ratio of 15.62. The firm has a market capitalization of C$2.96 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 0.84 and a beta of 2.03.

goeasy (TSE:GSY) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, topping the consensus estimate of C$3.92 by C$0.09. goeasy had a net margin of 33.21% and a return on equity of 25.77%. The business had revenue of C$338.11 million for the quarter, compared to analyst estimates of C$340.35 million. As a group, sell-side analysts anticipate that goeasy will post 16.5811069 EPS for the current year.

Insider Buying and Selling

In other news, Director David Ingram sold 30,000 shares of goeasy stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of C$157.58, for a total transaction of C$4,727,400.00. 22.53% of the stock is owned by corporate insiders.

About goeasy

goeasy Ltd. provides non-prime leasing and lending services under the easyhome, easyfinancial, and LendCare brands to consumers in Canada. The company operates through two segments, Easyfinancial and Easyhome. It offers unsecured and secured installment loans; home equity secured instalment loans and automotive vehicle financing; and loans to finance the purchase of retail goods, powersports and recreational vehicles, home improvement projects, and healthcare related products and services.