goeasy Ltd. (TSE:GSY) Receives C$42.89 Average PT from Analysts

goeasy Ltd. (TSE:GSY) has earned a consensus recommendation of “Reduce” from the nine ratings firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$42.89.

GSY has been the subject of several analyst reports. Royal Bank Of Canada boosted their price objective on goeasy from C$30.00 to C$35.00 in a report on Monday, August 10th. Desjardins raised their target price on goeasy from C$38.00 to C$56.00 and gave the stock a “buy” rating in a report on Monday, August 10th. 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 research report on Tuesday, July 21st. Jefferies Financial Group boosted their price target on goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th. Finally, National Bank Financial upped their price objective on goeasy from C$43.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th.

goeasy Trading Down 0.8%

Shares of goeasy stock opened at C$42.26 on Wednesday. The stock has a market cap of C$677.60 million, a PE ratio of -2.02, a price-to-earnings-growth ratio of 0.84 and a beta of 1.33. The firm has a fifty day moving average price of C$45.84 and a 200 day moving average price of C$45.44. goeasy has a 1 year low of C$27.60 and a 1 year high of C$209.72. The company has a debt-to-equity ratio of 558.73, a current ratio of 22.81 and a quick ratio of 28.46.

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

Insider Activity

In related news, insider Courtenay Andrew Ames Plaunt sold 2,591 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of C$45.22, for a total value of C$117,165.02. In the last ninety days, insiders have sold 4,340 shares of company stock valued at $196,239. Insiders own 22.05% of the company’s stock.

goeasy Company Profile

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.