goeasy (TSE:GSY) Price Target Raised to C$56.00

goeasy (TSE:GSY) had its price objective hoisted by stock analysts at Desjardins from C$38.00 to C$56.00 in a note issued to investors on Monday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price points to a potential upside of 20.48% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of goeasy from C$45.00 to C$51.00 in a research report on Monday. National Bank Financial raised their target price on goeasy from C$34.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Monday, July 27th. Raymond James Financial lifted 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. Royal Bank Of Canada upped their price target on goeasy from C$30.00 to C$35.00 in a research report on Monday. Finally, ATB Cormark Capital Markets cut goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 target price on the stock. in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and an average target price of C$42.89.

goeasy Trading Down 6.9%

Shares of TSE:GSY traded down C$3.42 during midday trading on Monday, reaching C$46.48. The company had a trading volume of 184,241 shares, compared to its average volume of 252,770. The company has a fifty day simple moving average of C$44.56 and a two-hundred day simple moving average of C$59.40. The firm has a market cap of C$745.26 million, a price-to-earnings ratio of -2.85, a price-to-earnings-growth ratio of 0.84 and a beta of 1.39. goeasy has a 1-year low of C$27.60 and a 1-year high of C$216.50. The company has a debt-to-equity ratio of 599.13, a quick ratio of 28.46 and a current ratio of 28.22.

goeasy (TSE:GSY) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$1.02 earnings per share (EPS) for the quarter. goeasy had a negative return on equity of 26.45% and a negative net margin of 15.76%.The firm had revenue of C$390.04 million for the quarter. Research analysts predict that goeasy will post 20.3207343 earnings per share for the current year.

About goeasy

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.