goeasy (TSE:GSY) Price Target Cut to C$39.00 by Analysts at Jefferies Financial Group

goeasy (TSE:GSY) had its target price lowered by equities researchers at Jefferies Financial Group from C$50.00 to C$39.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 10.95% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. Raymond James Financial decreased their target price on shares of goeasy from C$77.00 to C$50.00 in a research note on Thursday. National Bank Financial dropped their price target on shares of goeasy from C$50.00 to C$38.00 in a research note on Thursday. Scotiabank reduced their price objective on goeasy from C$61.00 to C$55.00 in a research report on Thursday. TD Securities downgraded goeasy from a “buy” rating to a “hold” rating and lowered their target price for the company from C$160.00 to C$135.00 in a research note on Monday, January 19th. Finally, ATB Cormark Capital Markets dropped their target price on goeasy from C$200.00 to C$185.00 and set an “outperform” rating on the stock in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$72.00.

goeasy Stock Down 5.9%

TSE GSY traded down C$2.21 during trading on Thursday, reaching C$35.15. 244,841 shares of the company’s stock were exchanged, compared to its average volume of 332,645. The company has a current ratio of 42.83, a quick ratio of 28.46 and a debt-to-equity ratio of 383.82. goeasy has a fifty-two week low of C$33.13 and a fifty-two week high of C$216.50. The company’s fifty day simple moving average is C$92.40 and its 200-day simple moving average is C$127.64. The firm has a market capitalization of C$563.31 million, a PE ratio of 2.56, a P/E/G ratio of 0.84 and a beta of 0.16.

goeasy (TSE:GSY) last issued its earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The business had revenue of C$446.40 million during the quarter. goeasy had a net margin of 14.07% and a return on equity of 19.42%. Sell-side analysts predict that goeasy will post 20.3207343 EPS 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.