goeasy (TSE:GSY) Price target reduced to CA$160.00

easy (EAST: GSYGet a rating) saw its price target lowered by CIBC equity research analysts from C$180.00 to C$160.00 in a report on Monday, BayStreet.CA reports. CIBC’s price target indicates a potential upside of 49.55% from the company’s current price.

Several other research companies have also recently published reports on GSY. Scotiabank raised its price target on goeasy shares from C$140.00 to C$160.00 in a Friday, August 12 report. TD Securities raised its target price on goeasy shares from C$195.00 to C$200.00 and gave the company a “buy” rating in a research note on Friday, August 12. National Bankshares raised its price target on goeasy shares from C$155.00 to C$170.00 and gave the company an “outperform” rating in a Thursday, Aug. 11 research note. Raymond James lowered his price target on goeasy shares from C$213.00 to C$202.00 and set a “strong buy” rating on the stock in a Friday, July 8 research note. Finally, BMO Capital Markets raised its price target on goeasy shares from C$225.00 to C$234.00 in a Friday, August 12 research note. One investment analyst has assigned the stock a hold rating, four have issued a buy rating and one has assigned the stock a high buy rating. Based on data from MarketBeat.com, the company currently has a consensus buy rating and a consensus price target of C$192.29.

goeasy stock market performance

GSY traded at C$2.19 during Monday’s trading, reaching C$106.99. The stock recorded trading volume of 22,048 shares, compared to an average trading volume of 64,861 shares. The company has a market capitalization of C$1.69 billion and a PE ratio of 10.32. goeasy has a 12-month low of C$95.00 and a 12-month high of C$206.06. The company has a current ratio of 25.76, a quick ratio of 25.67 and a debt ratio of 261.22. The company has a 50-day simple moving average of C$117.40 and a 200-day simple moving average of C$113.78.

easy (EAST: GSYGet a rating) last released its quarterly earnings data on Wednesday, August 10. The company reported earnings per share (EPS) of C$2.83 for the quarter, beating the consensus estimate of C$2.74 by C$0.09. The company reported revenue of C$251.65 million for the quarter, compared to a consensus estimate of C$247.13 million. Analysts expect goeasy to post EPS of 14.8999993 for the current year.

Company Profile

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goeasy ltd. provides consumer leasing and loan services in Canada. The Company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans; personal, real estate and car loans; point-of-sale and small business financing; and value-added services.

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Analyst recommendations for goeasy (TSE: GSY)

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