goeasy (TSE:GSY) Stock Gets Price Target Reduction from National Bank Financial

goeasy (TSE:GSY) had its target price decreased by investment analysts at National Bank Financial from C$53.00 to C$44.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s target price would indicate a potential upside of 13.23% from the company’s current price.

A number of other equities research analysts have also commented on the stock. ATB Cormark Capital Markets lowered shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 price target for the company. in a report on Wednesday, July 29th. Jefferies Financial Group raised their price target on shares of goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th. Desjardins cut shares of goeasy from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$56.00 to C$44.00 in a research report on Wednesday. Royal Bank Of Canada boosted their price objective on shares of goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th. Finally, Raymond James Financial upped their price objective on shares of goeasy from C$42.00 to C$45.00 and gave the company a “market perform” rating in a research note on Tuesday, July 21st. Seven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of C$40.33.

goeasy Trading Up 3.3%

Shares of TSE:GSY traded up C$1.25 during trading on Thursday, reaching C$38.86. 123,343 shares of the company traded hands, compared to its average volume of 202,602. The firm has a market capitalization of C$623.08 million, a price-to-earnings ratio of -1.86, a P/E/G ratio of 0.84 and a beta of 1.29. goeasy has a 52-week low of C$27.60 and a 52-week high of C$140.12. The company has a current ratio of 22.81, a quick ratio of 28.46 and a debt-to-equity ratio of 558.73. The business’s fifty day moving average is C$43.57 and its 200-day moving average is C$52.78.

goeasy (TSE:GSY) last issued its earnings results on Tuesday, November 10th. The company reported C($0.94) earnings per share (EPS) 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$371.65 million during the quarter. As a group, analysts forecast that goeasy will post 20.32 EPS for the current year.

Insiders Place Their Bets

In other goeasy news, insider Courtenay Andrew Ames Plaunt sold 979 shares of goeasy stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total value of C$44,270.38. Following the completion of the transaction, the insider directly owned 505 shares of the company’s stock, valued at approximately C$22,836.10. The trade was a 65.97% decrease in their ownership of the stock. In the last three months, insiders have sold 4,837 shares of company stock worth $217,486. 22.05% of the stock is currently owned by company insiders.

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.