Scotiabank Boosts goeasy (TSE:GSY) Price Target to C$190.00

goeasy (TSE:GSY) had its price objective raised by stock analysts at Scotiabank from C$183.00 to C$190.00 in a research report issued on Tuesday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective indicates a potential upside of 6.03% from the company’s previous close.

Several other brokerages have also issued reports on GSY. BMO Capital Markets lifted their target price on shares of goeasy from C$187.00 to C$192.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Raymond James lifted their target price on shares of goeasy from C$166.00 to C$200.00 and gave the company an “outperform” rating in a research report on Thursday, February 15th. Royal Bank of Canada lifted their target price on shares of goeasy from C$195.00 to C$201.00 and gave the company an “outperform” rating in a research report on Monday. Cormark lifted their target price on shares of goeasy from C$193.00 to C$200.00 and gave the company a “buy” rating in a research report on Wednesday, February 14th. Finally, Desjardins lifted their target price on shares of goeasy from C$185.00 to C$190.00 and gave the company a “buy” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$196.44.

goeasy Stock Performance

Shares of GSY traded down C$1.30 during trading hours on Tuesday, hitting C$179.20. The company’s stock had a trading volume of 32,010 shares, compared to its average volume of 40,127. The company has a market cap of C$2.98 billion, a price-to-earnings ratio of 12.38, a PEG ratio of 0.84 and a beta of 2.03. The company has a debt-to-equity ratio of 278.25, a current ratio of 15.62 and a quick ratio of 28.46. The business has a 50 day simple moving average of C$166.16 and a two-hundred day simple moving average of C$151.38. goeasy has a 52-week low of C$87.00 and a 52-week high of C$180.55.

goeasy (TSE:GSY) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$4.01 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$338.11 million during the quarter, compared to analyst estimates of C$340.35 million. On average, equities analysts expect that goeasy will post 16.5811069 earnings per share for the current fiscal year.

Insider Transactions at goeasy

In related news, Director David Ingram sold 30,000 shares of goeasy stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of C$157.58, for a total value of C$4,727,400.00. Company insiders own 22.53% of the company’s stock.

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.