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

goeasy Ltd. (TSE:GSY) has been given an average recommendation of “Reduce” by the nine analysts that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$42.89.

Several equities research analysts have recently issued reports on the company. Scotiabank downgraded goeasy from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from C$55.00 to C$39.00 in a research report on Tuesday, April 28th. Desjardins increased their target price on goeasy from C$38.00 to C$56.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Raymond James Financial raised their target price 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 lifted their price target on goeasy from C$30.00 to C$35.00 in a research report on Monday, August 10th. Finally, Jefferies Financial Group upped their price target on goeasy from C$45.00 to C$51.00 in a report on Monday, August 10th.

goeasy Price Performance

TSE GSY opened at C$42.88 on Friday. goeasy has a 1 year low of C$27.60 and a 1 year high of C$216.50. The company has a fifty day simple moving average of C$45.55 and a 200 day simple moving average of C$54.02. 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 company has a market cap of C$687.54 million, a P/E ratio of -2.05, a P/E/G ratio of 0.84 and a beta of 1.39.

goeasy (TSE:GSY) last announced its earnings results on Thursday, August 6th. The company reported C$1.02 EPS for the quarter. The firm 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%. On average, sell-side analysts predict that goeasy will post 20.3207343 EPS for the current year.

Insider Transactions at goeasy

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 transaction of C$117,165.02. Insiders have sold a total of 4,340 shares of company stock worth $196,239 over the last 90 days. Insiders own 22.05% of the company’s stock.

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.