Scotiabank Cuts goeasy (TSE:GSY) Price Target to C$55.00

goeasy (TSE:GSY) had its target price trimmed by Scotiabank from C$61.00 to C$55.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other equities analysts have also issued reports about the company. ATB Cormark Capital Markets lowered 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. TD Securities downgraded shares of goeasy from a “buy” rating to a “hold” rating and reduced their price target for the company from C$160.00 to C$135.00 in a research report on Monday, January 19th. Royal Bank Of Canada lowered shares of goeasy from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. BMO Capital Markets downgraded shares of goeasy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 10th. Finally, National Bank Financial lowered shares of goeasy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 10th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$72.00.

goeasy Stock Performance

Shares of GSY opened at C$34.87 on Thursday. goeasy has a one year low of C$33.13 and a one year high of C$216.50. The company has a market cap of C$558.83 million, a PE ratio of 2.54, a P/E/G ratio of 0.84 and a beta of 0.16. The stock has a 50-day moving average of C$88.62 and a 200-day moving average of C$125.20. The company has a debt-to-equity ratio of 543.86, a current ratio of 23.15 and a quick ratio of 28.46.

goeasy (TSE:GSY) last posted its quarterly earnings results on Wednesday, April 1st. The company reported C($20.25) earnings per share for the quarter. The firm had revenue of C$446.40 million for the quarter. goeasy had a negative return on equity of 16.05% and a negative net margin of 10.51%. On average, equities research analysts predict that goeasy will post 20.3207343 EPS for the current fiscal year.

More goeasy News

Here are the key news stories impacting goeasy this week:

• Positive Sentiment: Desjardins cut its price target to C$47 but kept a “buy” rating — the new target implies ~34.8% upside from the current price; this is a relatively constructive analyst view. Article Title
• Positive Sentiment: Scotiabank lowered its target to C$55 (still a sizable upside), signaling analysts still see medium‑term recovery potential despite trimming forecasts. Article Title
• Positive Sentiment: Raymond James reduced its target to C$50 but maintains a level implying significant upside vs. current price, supporting the view some firms still expect stabilization. Article Title
• Neutral Sentiment: TD Securities trimmed its target to C$36 and moved to a “hold” — a modestly lower view that suggests limited near‑term upside. Article Title
• Neutral Sentiment: National Bank cut its target to C$38 (small implied upside) and Jefferies cut to C$39 — both reduce expectations but leave room for recovery if fundamentals improve. Article Title Tickerreport
• Negative Sentiment: ATB Cormark downgraded goeasy from “moderate buy” to “hold” and cut its target to C$42, signaling a material pullback in conviction. Article Title
• Negative Sentiment: RBC cut its target to C$33 — below the current share price — which is explicitly bearish and likely adds selling pressure. Article Title
• Negative Sentiment: Coverage of the sector: Reuters reports Canadian banks hold about C$880 million of exposure to goeasy, raising concerns about potential credit losses/counterparty risk that directly weigh on the stock. Article Title
• Negative Sentiment: Market writeups flagged the share move (trading down) and cited the Reuters exposure story plus the analyst revisions as drivers of the sell‑off. Article Title

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.