goeasy (TSE:GSY) Receives “Outperform” Rating from National Bank Financial

National Bank Financial reissued their outperform rating on shares of goeasy (TSE:GSY) in a research report released on Friday, BayStreet.CA reports. National Bank Financial currently has a C$72.00 target price on the stock.

A number of other equities analysts have also weighed in on GSY. TD Securities lifted their price objective on shares of goeasy from C$69.00 to C$74.00 and gave the company a buy rating in a research report on Wednesday. Raymond James raised their target price on goeasy from C$60.00 to C$64.00 and gave the company an outperform rating in a report on Monday, July 29th. BMO Capital Markets raised their target price on goeasy from C$55.00 to C$60.00 in a report on Thursday, May 9th. Finally, Desjardins raised their target price on goeasy from C$57.00 to C$61.00 in a report on Thursday, May 9th. Five equities research analysts have rated the stock with a buy rating, The stock presently has an average rating of Buy and a consensus price target of C$65.67.

TSE:GSY traded down C$1.03 during midday trading on Friday, reaching C$56.04. The stock had a trading volume of 24,900 shares, compared to its average volume of 41,519. The business’s fifty day simple moving average is C$53.74. goeasy has a 12-month low of C$30.42 and a 12-month high of C$57.48. The company has a current ratio of 16.60, a quick ratio of 16.48 and a debt-to-equity ratio of 244.20. The stock has a market cap of $821.42 million and a PE ratio of 14.09.

goeasy (TSE:GSY) last posted its quarterly earnings data on Tuesday, May 7th. The company reported C$1.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.16 by C$0.02. The firm had revenue of C$139.86 million during the quarter, compared to analysts’ expectations of C$143.03 million. As a group, sell-side analysts expect that goeasy will post 5.4000005 EPS for the current year.

In other goeasy news, Director David Ingram sold 12,800 shares of the firm’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of C$50.09, for a total value of C$641,210.88. Following the completion of the sale, the director now owns 448,701 shares of the company’s stock, valued at C$22,477,497.11. Also, Senior Officer Jason Mullins sold 3,350 shares of goeasy stock in a transaction on Friday, June 14th. The stock was sold at an average price of C$51.52, for a total value of C$172,598.70. Following the transaction, the insider now directly owns 59,727 shares of the company’s stock, valued at approximately C$3,077,254.49. In the last three months, insiders sold 26,950 shares of company stock valued at $1,353,890.

goeasy Company Profile

goeasy Ltd. provides loans and other financial services to consumers in Canada. It also leases household products to consumers. The company operates through two segments, Easyfinancial and Easyhome. The Easyfinancial segment provides unsecured and real estate secured installment loans, and secured saving loans; loan protection plans; and an optional home and auto benefits product, which offers road side assistance and a suite of other support services, as well as credit monitoring services.

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Analyst Recommendations for goeasy (TSE:GSY)

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