Jefferies Financial Group Issues Positive Forecast for goeasy (TSE:GSY) Stock Price

goeasy (TSE:GSY) had its price target increased by equities research analysts at Jefferies Financial Group from C$45.00 to C$51.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 9.72% from the company’s previous close.

GSY has been the subject of a number of other reports. Raymond James Financial upped their target price 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. Royal Bank Of Canada reduced their price objective on goeasy from C$33.00 to C$30.00 and set an “underperform” rating for the company in a research note on Thursday, May 14th. National Bank Financial increased their price objective on goeasy from C$34.00 to C$43.00 and gave the company a “sector perform” rating in a report on Monday, July 27th. ATB Cormark Capital Markets lowered shares of goeasy from a “market perform” rating to an “underperform” rating and set a C$35.00 target price on the stock. in a research report on Wednesday, July 29th. Finally, Desjardins cut their target price on shares of goeasy from C$47.00 to C$38.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, goeasy has a consensus rating of “Reduce” and an average price target of C$42.89.

goeasy Stock Down 6.9%

Shares of TSE GSY traded down C$3.42 during mid-day 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 firm has a 50 day simple moving average of C$44.56 and a two-hundred day simple moving average of C$59.40. goeasy has a 52-week low of C$27.60 and a 52-week high of C$216.50. The company has a current ratio of 28.22, a quick ratio of 28.46 and a debt-to-equity ratio of 599.13. The stock has a market cap of C$745.26 million, a P/E ratio of -2.85, a PEG ratio of 0.84 and a beta of 1.39.

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

goeasy Company Profile

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.